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

To: Zeev Hed who wrote (39845)3/11/2002 3:22:50 PM
From: t2  Read Replies (1) | Respond to of 99280
 
We already had warnings, but I doubt additional warnings will affect the positive bias of the market

That is the way it seems. Oracle and McData warnings did not make people nervous.

Now even downgrades are seen as big buying opportunities(estimate cuts on JNPR for example this morning). Stock bounced back big time.
That is the sign that profit warnings don't matter as much. The market is looking out into the future again..it seems. Maybe it is just seasonal effect.

jmho



To: Zeev Hed who wrote (39845)3/11/2002 3:27:22 PM
From: Zeev Hed  Respond to of 99280
 
Forgot to mention, out of IMCL as well at $26.35, $.70 on that trade. On the other hand, also out of BPRX at $14.10, even on the first entry, but a nice $1.35 on the second entries

Zeev


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