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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: American Spirit who wrote (79776)	7/9/2001 12:51:55 PM
From: LTK007	Read Replies (2) \| Respond to of 99985

<EMC received upgrade today and so maybe the bottom is behind us Friday EOD.> how many times has BS upgrades proven the worst is still ahead? Lot's of times. EMC based on corrected estimates now has a P/E of 47-1 based on projections for 2001.It could easily go to 13.Max

To: American Spirit who wrote (79776)	7/9/2001 11:31:41 PM
From: iod_sherwood	Read Replies (1) \| Respond to of 99985

You believe everything the analysts say? LOL... ofc they upgrade... they're in the business of distributing stock! Best of luck on NOK and EMC... Both companies are definitely not going out of business... but their growth expectations and yours as an investor... hopefully, you understand that there may be more weakness in the biz cycle, than before things can pickup... Analysts are usually clueless... very few of them actually know what's going on, they just like to model a few things... when they're right, they get to go on the tube and shake their booty... they practically give away cell phones these days... money is made selling services and the infrastructure over which they are delivered... Your cell phone analogy is not particularly reassuring to any level of investor.... LOL...