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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (44814)	7/12/2001 1:15:24 AM
From: furrfu	Read Replies (2) \| Respond to of 56535

And this is why MS is where it is. MS did not come out today, they're announcing on the 19th. They have beautifully mixed two things that are typically not mixed, to wit: 1)The quiet period before earnings reports applies to warnings, right? But this is positive news so we can put it out any time we want (right?). And: 2) There's nothing like a broad acceptance of "pro-forma" reporting to let MS think they can (pre)announce $0.48 EPS instead of the $0.42 expected, when what they're really going to report is $0.01. What a bunch of cacadina. But it is certainly awe-inspiring cacadina. Doug (posting from home)

To: ajtj99 who wrote (44814)	7/12/2001 4:49:37 AM
From: LTK007	Respond to of 56535

no one did,it was a pre-announcement,to get people happy about their being hit for a 2.6billion dollar loss for bad investments BUT,wow!!! beating by a bit,lowered estimates for revenues.Techs are flying in europe. Here is THE KEY,a modest,i stress,a modest recovery can well be projected,but by the time this modest recovery comes,if it does come,it will be way overdone in price appreciation,as investors will be thinking the glory days are back,and no way are they back,or will they be back. Problem is this flim-flam game works because 80% of people know nothing,they are the herd(and that includes people who let Fidelity or Vanguard be who they give their dollars to--both Fidelity and Vanguard are relentless sell-siders,and are major part of the game.) For instance,a company drops from 20 cents earnings then comes in at 1cent earnings and the following quarter comes in at 2cents the people can be told their earnings JUMPED 100% over the past quarter,and 80% of investors just lap it up,and in a blink of an eye you have P/Es at insane levels,once again. This is the game sellside-analysts(who should be viewed as no different than a used car salesmen) will be using--the growth from a terrible quarter to slightly less terrible quarter,and start pounding the table. Market starts to run,with shorts covering,and then you will be hearing the sucking sound of sideline money being sucked into the market--game set match,for the hucksters(and all is back to a reinflated Bubble). THIS IS A POSSIBLE SCENERIO--and in times like that,i know from experience you might as well throw away TA. As i ,for personal reasons,am not trading,will stand back and watch the game play out.max

To: ajtj99 who wrote (44814)	7/12/2001 5:51:06 AM
From: LTK007	Read Replies (1) \| Respond to of 56535

<I was fortunate to have only calls when this happened, so it works for me.> that's nice to hear---now you have to decide between me and bobby beara and Zeev--zeev saying top before 2:30 pm.(I and BB thinking a couple days of mania)But your 2057/2088 sounds like a safe place to cash in.---max p.s. as i have no money at stake this is an EASY call for me(vbg),but it is frustrating as all this fellow wants now is a nice bottom to put all in and then collect two months later:) without having to watch anything.