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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (5404)	11/13/2001 10:33:34 PM
From: mishedlo	Read Replies (2) \| Respond to of 99280

I mean the market is not going to react by what GX does or says. Unlike CSCO INTC MSFT etc. In the greater scheme of things GX is meaningless M Hell the market did not even react to ORCL today. Why should it care about GX. There is only one thing this market understands. 5 consecutive kicks in the teeth. The odds of that happening seem slim. Buy the dip tomorrow in NTAP In two days it should be safe to buy the dip in ORCL Any company that does not immediately guide down 100% now is totally nuts. Then they can guide up by 10% and beat by 5% for the next 6 quarters or so. QCOM warns who cares, RFMD big supplier if I understand correctly rallies too. I noticed a huge number of MSFT calls. I now suspect those were short calls or something. IBM appears headed for 125. Fortunately I sold my IBM 115 puts on the enormous swoon down from my purchase price at 114.5 to 113. While I have not capitulated, I can say this market is going up forever. 1400 retest is a bear's wet dream. MU is a clear bargain at 30. CSCO at .02 pro forma profits is an enormous bargain. There are bargains out there all over the place. As for GX - yes it is still meaningless. If ORCL is meaningless, then whatever GX does is totally meaningless. Of course if GX rallies that is another matter. Good GX news should immediately affect DCLK by +45% and SEBL by +22% and CSCO by 12%. OTOH if GX warns the reaction should be a mere +2% to DCLK, 4% to SEBL, and 1% to CSCO. Totally meaningless in these days of 25% runups. End of Bear Rant M