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Strategies & Market Trends : Moufassa's Lair -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (3063)	12/18/2001 11:56:08 PM
From: James C. Mc Gowan	Read Replies (2) \| Respond to of 13660

Nice Find Dale: this one especially warmed my heart: "...the price per unit of storage is essentially approaching zero." Storage, Inc. magazine. CEO of Corning: long haul fiber built out for 5-6 years... Cheap storage but VERY expensive storage stocks = P/E expansion, and more financing deals like BRCD's converts today. Got to pay the bills somehow. This storage ramping lately is looking like the weak attempt to run up fiber stocks recently, which was exposed by JDSU's earnings/guidance. CIEN earnings/forecast exposed the ramping of telecom equipment suppliers; now stock is breaking down. Now, in confession season, the most ramped up issues are under pressure. "Wall Street people learn nothing and forget everything" Benjamin Graham Well, how about 'selective memory'. Tomorrows forecast: AM storms on poor earnings/warnings, followed by mid day partial clearing, with PM ramping on liquidity. James