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


To: Zeev Hed who wrote (63247)5/7/2002 5:30:47 PM
From: hjz  Read Replies (1) | Respond to of 99280
 
Not sure if this a short squeeze or buying interest but it is the biggest move I have seen since the beginning of March when the NASDAQ ralled 15 % in less than a week.

HJ



To: Zeev Hed who wrote (63247)5/7/2002 5:32:24 PM
From: AD  Read Replies (1) | Respond to of 99280
 
Is anyone really surprised by this bounce?

We haven't had a tech rally in what seems like forever.
Shorts have done well.
Stocks dumped ahead of the QLGC and CSCO reports and both were pretty decent.

Doh!



To: Zeev Hed who wrote (63247)5/7/2002 5:58:11 PM
From: manny t  Respond to of 99280
 
QLGC guides higher,

QLGC
17:50 ET QLGC QLogic guides higher for June qtr (38.26 -3.74) -- Update --
On call, says it expects overall revenues in fiscal Q1 (Jun) to be up 3-8% on a sequential basis... That implies revenues in the range of $95.07-$99.68 mln (Multex consensus is $92.26 mln)... Separately, expects fiscal Q1 pro forma EPS of $0.20-0.24 (consensus $0.21)... QLGC +3.49 at 41.75