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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (4651)	9/20/2001 9:02:52 PM
From: X Y Zebra	Respond to of 33421

I played long EMC today (among others)... small scalps, repeatedly... Then I just saw this... EMC News Release EMC Comments on Third Quarter and Cost Reductions Hopkinton, Mass.- Thursday, September 20, 2001 EMC Corporation today commented on its fiscal third quarter outlook and its plan to reduce operating expenses. Joe Tucci, EMC's President and CEO, said, "EMC's position as the information storage market leader is extremely strong, but the current economic environment for technology expenditures is worsening globally. It is now clear that further weakening of the economy is causing major cutbacks in many of the industries served by EMC. The business world is simply covered in a blanket of hesitation. At this point in time, it is highly unlikely that EMC will break even in our fiscal third quarter. At our current expense run rate, breaking even would require approximately $1.8 billion in revenue this quarter." emc.com Moi keep anything... ? I will try not to. Hazardous to your financial health. WIth all due respect to those who clamor to be and stay long in the face of this market under the pretense of "patriotism"... They are flat wrong. Why? Markets are open to international traders and speculators who will profit no matter what. We as individuals if we prosper in the market will be better prepared to what may come. Companies do not make money if we buy or sell their stocks. Companies make money if we buy their products. Clear, no ? I say crystal...