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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Murrey Walker who wrote (53954)	7/18/2002 6:15:49 PM
From: Sully-	Read Replies (1) \| Respond to of 65232

18:14 ET Microsoft (MSFT) 51.11 -0.89: -- Update -- Despite guiding slightly lower, the stock is barely reacting. A slight move down was probably already priced in and it's only a slight downward guidance... stock at 50.70. 18:08 ET Microsoft (MSFT) 51.11 -0.89: -- Update -- On call, company expects Q1 (Sep) revenue and EPS of $7.0-$7.1 bln and $0.42-$0.43 vs Multex consensus of $7.1 bln and $0.42, respectively... stock at 50.60. 18:06 ET Microsoft (MSFT) 51.11 -0.89: -- Update -- On call, company expects fiscal 2003 (Jun 03) revenue and EPS of $31.4-32.0 bln and $1.85-$1.91 vs Multex consensus of $32.0 bln and $1.93, respectively... stock at 50.73. 18:05 ET Microsoft guiding down full year revenue and EPS slightly (MSFT) 51.11 -0.89: -- Update -- Details to follow... stock at 50.80.

To: Murrey Walker who wrote (53954)	7/19/2002 10:29:45 AM
From: stockman_scott	Respond to of 65232

bull runs are getting shorter schaeffersresearch.com <<...The bulls would view this increased volatility positively, as "it's darkest before the break of dawn." If only I had a dime for every time I heard that quote in the past several months. The bears, on the other hand, would say that this price action is justified by all of the accounting scandals, declining U.S. dollar, poor economic conditions, and all the other problems plaguing this market. On that issue, we side with the bears. I wouldn't throw caution to the wind and try to play market hero at this point in time...>>