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Strategies & Market Trends : gem-x's incredibly accurate Elliott Wave forecasts. -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Pareti who wrote (1119)	9/1/2001 2:13:00 AM
From: mishedlo	Respond to of 2290

And I suppose he has no vested interest in getting you to buy INTC. Insiders still selling biz.yahoo.com Did you believe CEO of CIEN who said things were fine all year and kept repeating the lie, hoping for a miracle. well they finally came clean and stock immediately fell 9 points. Ho about CEO ellison selling shares of ORCL nearly every day in Jan (look it up) while proclaiming everything was fine. Well after he sold enough there was a sudden "lack of visibility". How about chambers saying everything fine for months on end untill bottom fell out of routers. These people NEED you to belive that things are fine and all the while they are praying for a miracle. What compelling business reason is there for companies to replace PCs more than one every 4-5 years. THERE IS NONE! I challenge you to name a reason. I work in the business (as a computer consultant)- I know! What compelling reason is there for consumers who have been tapped out and overspent to do the same. In short, PC growth is dead. Prices are down, there is too much competition, and although there might be one more big bang replacement of PC and a brief uptick in business that is all it will be. The market MAY react to that next cyclical round of PC buying as if we are going to build the internet all over again, but once those upgrades are in, we go back to hell in a handbasket on orders. That is a fact of life. Do you expect to hear that from these companies. If they say that stock falls in half. So they lie and catch people like you - hook line and sinker. M