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To: MythMan who wrote (252941)7/29/2003 8:30:52 PM
From: patron_anejo_por_favor  Respond to of 436258
 
It's for your own good....<G>

If yer skeptical, just stay on the sidelines until SPX 962 is breached...then short with both hands!<NG>



To: MythMan who wrote (252941)7/29/2003 9:18:10 PM
From: Lucretius  Respond to of 436258
 
don't be a sucker. buy some calls -g-



To: MythMan who wrote (252941)7/30/2003 7:33:46 AM
From: Giordano Bruno  Read Replies (1) | Respond to of 436258
 
Danger Will Robinson!

Tech stock summer fun might not last
Commentary: Key volatility indicator hints of danger

Perhaps the biggest fundamental problem is that tech companies are meeting or even beating earnings targets with sales that stay all but flat. Adjusting for currency effects and letting companies exclude one-time charges, second quarter, earnings among the 80 tech companies that trade on the S& P 500 ($SPX: news, chart, profile) rose 15 percent, while sales were unchanged from last year, according to research by Thomson First Call.

It was about the same in the first quarter: Earnings rose 19 percent, on average, while sales for the group increased 2 percent.

"The tech results so far are based on nothing but cost cutting, and that can only go on for so long," says Chuck Hill, research director at Thomson First Call. "It's more of the same -- we're not really seeing any demand pick-up -- just companies that are doing better by gaining market share."

cbs.marketwatch.com