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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: shoreco who wrote (83455)	10/3/2002 11:51:54 PM
From: Tom Pulley	Read Replies (2) \| Respond to of 99985

22% growth from last years numbers is far from bullish and should be expected because anyone who "CAN'T" beat last years 3rd qtr. is in trouble Good point but even if you adjust Dell's revenues last year up to account for the impact of 9/11, I believe this year's quarter is still an increase of over 10%. Anyway, if 22% doesn't mean much, (or 10% adjusted for 9/11)how about the fact that it is record quarterly revenues for Dell. host.wallstreetcity.com Of course, Dell is an exception and appears to be one of the companies that will come out of this bear market stronger than ever. But imho it is a good sign that one of the stronger companies is growing. Another company that appears to be turning around is Qcom. By the time we see the majority of tech companies showing steady growth, a good bit of the next up cycle in tech stocks will likely be over. We have been in a bear market for tech stocks for 2 1/2 years now. It will not last forever and I want to be alert for any signs we are coming out of it. Maybe I am being too optimistic, but also many technical indicators I follow are pointing toward a good market over the next year or so. Many will take exception, but I believe at this point in time there is significant risk to being out of the market and missing a powerful move up. We have been in a long and grinding bear causing many to give up on stocks, Sept/Oct tend to be weak months, war with Iraq is on the horizon, and fear abounds that we will see the second leg of a double dip recession. All of this is well known by even the most inexperienced investors and therefore is already accounted for in stock prices. So, as we get past this seasonably weak period and earnings season, almost any postive news could kick off a strong up cycle in stock prices. These initial runs can happen quickly and leave many behind. Tom