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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Mongo2116 who wrote (9692)	11/21/2002 5:04:41 PM
From: Softechie	Read Replies (1) \| Respond to of 89467

BRCD Brocade guides below Q1 consensus (7.28 +0.89) -- Update -- On call, says it expects fiscal Q1 (Jan) revenues in range of $120-125 mln and net income per share to be breakeven excluding restructuring and acquisition-related charges... Current Multex consensus estimates are $157..5 mln and profit of $0.08, respectively

To: Mongo2116 who wrote (9692)	11/21/2002 6:19:06 PM
From: stockman_scott	Read Replies (2) \| Respond to of 89467

Borrowed from another thread... "Listen, and understand. That Terminator is out there. It can't be bargained with. It can't be reasoned with. It doesn't feel pity, or remorse, or fear. And it absolutely will not stop, ever, until you are dead." -- Kyle Reese in The Terminator Quite a few bears out there are feeling like they ran into a Terminator of a market. There was no bargaining or reasoning to be done. We are going up and going up big, and it doesn't feel like it's going to stop until the last bear surrenders. There is no mystery about today's action. It's a classic big-volume breakout through key technical levels with heavy momentum. It is the sort of action that should send the bulls into spasms of joy over the helplessness of the bears. One of the more interesting aspects of this breakout is the number of folks who are kicking and screaming about how ridiculous it is that the market is moving the way it is. There is lots of talk about how this is reminiscent of bubble days and how it is going to end badly. That very well may be the case, but for now, the bulls see the opportunity to make money on the upside, and nothing, no argument, no matter how logical or compelling, is going to stop them as long as they have momentum to comfort them. Days like today often generate a very high level of frustration among active traders. If they weren't leaning very long side and stayed that way all day, it was very easy to underperform. A lot of traders have a bad habit of focusing on the things they missed and end up feeling miserable even when they had a decent day. Try to keep things in perspective and don't let one good or bad day affect your mood disproportionately. For now, we have momentum to the upside, and we have to respect the fact that the bulls are in control. There were a lot of big moves today, and it is not going to be easy to keep this furious pace going for long. Try not to get too anxious about anticipating the top of this move. It will come eventually, but speeding trains don't usually stop on a dime, and neither do speeding stock markets. That doesn't mean we can't be surprised by some major news, but that is not the high-percentage bet at the moment