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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (18319)	6/19/2001 4:07:53 PM
From: Kailash	Respond to of 30051

There will be some excuse to rally -- consider today's gap in honor of ORCL. The BtB won't be worse than last time, so we've turned the corner; MSFT won't warn, so the old new economy is solid; Greenspan will lower rates 25 bps, so the economy must be in recovery... Kailash

To: pompsander who wrote (18319)	6/19/2001 4:35:35 PM
From: Jdaasoc	Respond to of 30051

pomp: NDX S&P and BKX all up today. Even high AH. Either people are shorting on speculation and are covering their shorts AH or they just like buying AH at higher prices. I lean to the former rather than the latter explanation. I would believe that AG FED actions next week will lead to another mini rally and selloff this week. I don't expect any preanouncements that we didn't already expect like telecom and PCs so if your not in telecom related stocks you will be OK. Actually the ORCL pop will be the rule rather then the exception if you meet your numbers. RE telecom equipment stocks If LU an NT don't declare bankruptcy due writeoffs associated with vendor financing and too much intangibles on the books, market will be OK. JDSU for example is all but $3 per share in intangibles. Market must expect major writeoffs of intangibles for JDSU since they have priced in over 80% discount in price to bill ratio of 0.22. Somehow, IMO the level of debt by corporations will overwhelm us by year end with much lower stock prices. john