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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: gladman who wrote (11572)7/10/2001 4:52:24 PM
From: Oleg Sogolov  Read Replies (3) | Respond to of 19633
 
I think CPQ news should help to further serve cause for CCMP, MSCC drop tomorrow. Read this excerpt below and tell me if the bozos in charge of Compaq know anything about predicting visibility:

"...The Houston-based company said in April that it expected its second-quarter revenue would be roughly $9 billion, or flat with the first quarter, and that profits would rebound strongly in the second half.

Compaq said it now expected earnings on an operating basis for its second quarter of 4 cents per share, down from the 5 cents a share the company had estimated in April."

On top of that, 5000 more jobs are expected to be cut.



To: gladman who wrote (11572)7/10/2001 10:34:51 PM
From: Paul A  Respond to of 19633
 
Hell- IM still short CCMP but dont trust this POS for a second : )

Im holding only because I want a print in the mid 40s : ) and I expected this last position to go out at a loss, and now the worse that can happen is break even so IM going to see what shakes..

I almost added JNPR but decided to just wait.. not going to do any earnings plays here no matter how bad I want to.. Just going to wait and watch..


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