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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (16482)	4/25/2002 7:49:05 AM
From: Connor26	Read Replies (1) \| Respond to of 26752

07:46 ET LSI Logic downgraded at Merrill Lynch (LSI) 15.12: Merrill Lynch downgrades to Near-Term REDUCE/SELL from Neutral, saying that with the co still in loss for another several qtrs even on aggressively calculated pro-forma earnings numbers, they see little to sustain the stock price despite the improvement in business conditions; raises FY02 est to ($0.25) from ($0.34) and leaves below-consensus FY03 est of $0.27 unchanged. 07:39 ET Scientific-Atlanta downgraded at Merrill Lynch (SFA) 23.05: Merrill Lynch downgrades to Near-Term REDUCE/SELL from Neutral, saying that the co will hardly grow in the next 2-3 years and should post a fair P/E multiple of 15-17x; firm also believes that once old contracts are up for renewal (in a qtr or two) one should expect a decline. Cuts FY02 est to $1.02 from $1.04 and FY03 to $1.03 from $1.29. Estimates fair value at $15-$17.

To: lee kramer who wrote (16482)	4/25/2002 8:29:13 AM
From: adad69	Respond to of 26752

Amen!

To: lee kramer who wrote (16482)	4/25/2002 9:25:58 AM
From: Susan G	Read Replies (1) \| Respond to of 26752

Lee all I trade is the indexes, I no longer daytrade any stocks at all, so that's what I watch! And no matter how "good" the stock you are in is trading, if the indexes roll over and break critical support like they did yesterday, few will survive unscathed. And stocks with any "problems" or weakness are slaughtered. So if you are not watching the indexes, you have no heads up that a big move - which could damage - or improve your profits is about to occur. By watching the indexes, I've been able to be ahead of the moves, and already short when the big tanks happen. Like yesterday...I was short the futures from the open due to my previous night's view of the indexes. And when trading the NQs, if the SOX tanks, or the BTK is about to breakout, then it's very important to know, as the NQs respond to their every move...especially the moves of the SOX. If the SOX was not crashing through support yesterday, I doubt the NQs - and then the NDX would have broken the April lows. Studying the indexes each night - and intraday is critical to any futures traders results. Things like the 3 Black Crows on the SOX WEEKS ago, set up the recent plunge. The dollar crashed through important support last night, I watch that too. It has a lot to do with recent market weakness believe me...and is not helping the weak open today.