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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: TechTrader42 who wrote (17004)	8/28/2001 4:15:48 PM
From: Paul Shread	Respond to of 52237

What a curious system. How odd it is that people would be be more worried today when they can buy the same stocks for less than they could yesterday. And even odder that they would be comforted by a rally on a non-news event. A very curious system you have there. One might call it "contrarian," if such thinking were allowed. I just heard an analyst say that the second and third quarters don't matter. That what matters is the fourth quarter, when all the rebate checks and rate cuts will be in effect. I've decided to take that advice and ignore the next two negative GDP reports, because they don't matter. I'll be joining you all again in January. I've also decided to take Ned Reilly's advice and buy SUNW here, because only the long-term outlook matters. And that outlook is apparently good, according to Mr. Reilly, who was peering into his crystal ball at the time.

To: TechTrader42 who wrote (17004)	8/28/2001 5:38:42 PM
From: Jack T. Pearson	Respond to of 52237

Logic tells me: "Hope" has been holding up the DOW for the last year and provided support for the NASDAQ and S&P since April. What I've been hearing for months is that most companies were holding onto employees at the expense of the bottom line, "hoping" for a rebound in the fall. But they were preparing for layoffs, just in case. Guess what? No rebound ==> more layoffs + cash reserves depletion + more losses at the bottom line. It is beginning to sink in now! The consumer is finally "getting it," as seen in today's consumer confidence numbers. And consumer confidence is what everyone has been saying was holding up the economy. In conclusion, this isn't the bottom. The companies that will be the survivors will be the ones with largest cash reserves and the talent and capacity to minimize loses. Of course . . . the market isn't logical.