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To: Logain Ablar who wrote (40328)	11/5/2003 8:09:34 PM
From: rich987	Read Replies (1) \| Respond to of 71070

hi tim its nice to see you back on the board and in the action............we appreciate your comments

To: Logain Ablar who wrote (40328)	11/5/2003 10:41:06 PM
From: Johnny Canuck	Respond to of 71070

I am guessing that is in anticipation of CORV earnings after the close today. "16:22 ET CORV Corvis beats on revenue (1.43 +0.01) Reports Q3 (Sep) loss of $(0.08) per share, $0.03 better than the Reuters Research consensus of ($0.11); revenues were $143.2 mln vs the $131.5 mln consensus.... Note, it's unclear if the $(0.08) is comparable to consensus; checking with Reuters Research. " "16:53 ET CORV Corvis earnings update (1.43 +0.01) -- Update -- Reuters Research is telling us that they are going with a loss of $0.11, excluding multiple charges, as the comparable actual for CORV, in line with their consensus of ($0.11). " Note that the strength still appears to company specific in telecom. Case in point DITC and TLAB. DITC reported better than expected earnings. This would mean there is strength in echo canceller, but there was no corresponding move in TLAB who also sells echo cancellers. On the other hand the current CEO of TLAB is going back into retirement. That indicates the board has lost confidence in him or that they finally see a turn around and the CEO can retire again which is what he wants to do. Similarly there is spotty strength in optical component suppliers that feed comapnies like CORV and SCMR. NUFO beat but JDSU and AVNX missed. CSCO beating estimates should help. "16:08 ET CSCO Cisco Systems beats by $0.02 (21.80 +0.22) Reports Q1 (Oct) earnings of $0.17 per share, $0.02 better than the Reuters Research consensus of $0.15; revenues rose 5.3% year/year to $5.10 bln vs the $4.85 bln consensus. "

To: Logain Ablar who wrote (40328)	11/5/2003 10:49:42 PM
From: Johnny Canuck	Respond to of 71070

UMC breaking out on volume. 139.142.147.218

To: Logain Ablar who wrote (40328)	11/6/2003 2:37:35 AM
From: Johnny Canuck	Respond to of 71070

11/4/2003 4:35:18 PM Weekly Feature Article Running Fast But Getting Nowhere By Charles Payne, CEO & Principal Analyst Last week the Dow was up each session, but it felt like it was running in place as many would-be dramatic moments fell short of materializing or living up to the hype. Stocks enjoyed their best day on Tuesday after a better-than-expected Consumer Confidence report for October sparked hopes that attitudes among consumers were finally improving. Get the benefit of Charles' insight and guidance everyday! The WStreet Market Commentary takes a common sense look at the big picture, gives you advice on sector rotation and trends and helps you determine how news may affect your portfolio. The commentary is delivered twice a day keeping you informed at pivotal times and frequently includes analysis of the major indices and actionable analysis of individual issues. From time to time the commentary includes free stock picks and trading strategies to help you make money and maintain financial and mental balance in the stock market. (We often find ourselves in the position of hand-holding and talking investors off the ledges.) The commentary is delivered twice a day keeping you informed at pivotal times and frequently includes analysis of the major indices and actionable analysis of individual issues. Try it free for 30 days. Click here to sign up! Alas that strong tailwind was actually mitigated by a gust so powerful that stocks spun out of control. This was a situation where the news (in this case the preliminary GDP report) was too good to be true. At 7.2% annual rate of growth, the third quarter results came in above even the most optimistic estimates. Yet the Dow only managed to eek out a 12-point gain, which really felt like a loss of 50-points or more since the index actually relinquished as much from highs achieved earlier in the session. On Friday, the index seemed to be in a stupor as investors grappled with the burdening question of "what's wrong"? Why isn't the market surging to the upside? Heck, investors in NASDAQ stocks had to look over at NYSE shareholders with a dollop of envy. NASDAQ stocks were coming on strong led in part by the redoubtable Semiconductor stocks, which continue to shake off Wall Street downgrades and inconsistent trends in demand and sales (though big news came from projections released by Taiwan Semiconductor in the middle of the week). NASDAQ stocks had their moment and the index followed a similar trajectory of the NYSE, but those stocks that violated investor's hopes and expectations by the slightest of margins were hammered. Yes, the major equity indices were higher, but when compared with the overall flow of economic news it felt as if stocks were really losers on the week. Economy The week began with more great news in the housing sector as September Existing Home sales came in at a pace of 6.69 million homes, up from the August number of 6.46 million. Although the economy is heating up and interests have been stable, pundits were looking for the pace to be a more subdued 6.30 million. Another positive omen that gleaned from this report was the 9% increase in median home prices. At 1.145, September New Home Sales also bested the estimates. The experts were looking for a pace of 1.13 million. Things really looked bright on Tuesday after the Conference Board released the results of its latest survey of Consumer Confidence. Even with a jobs picture that is bordering desperation (heightened by the political climate that is really dampening the spirits of those with and without jobs), confidence improved during the month. The consensus was for a number of 79.3 and the actual number was 81.1. This reading seems to have a direct and true correlation with employment in the nation, which explains why it has stabilized of late. Like the jobs situation, market watchers will - rightly - ratchet up their expectations for future numbers to reflect demonstrable improvement. That statement may fly in the face of the fact that the Expectations Index rose only 2.5% (90.7 versus 88.5 in September) while the Current Conditions component surged 12% (66.8 versus 59.7 in September). Also on Tuesday, the Street was buoyed by the latest data on Durable Goods. While the headline number of 0.8% actually missed the consensus of 1.0%, the results ex-autos came in stronger that the consensus. Moreover, results for the prior month were revised upward. This is a report that can be very unpredictable and it may take several months of positive data to capture the fancy of investors, we could chalk up two months with the results from September and August. On Thursday, the report everyone had been waiting for was released to tremendous fanfare. The initial Gross Domestic Product report didn't disappoint as it came in at a whopping 7.2%, far exceeding the best guesses. In fact, one would have to go back to March of 1984 to see quarterly results as impressive as this. Consumer spending was strong, as was durable goods data (up 26.9% after being up 24.3% in the previous month). The weak dollar showed up in a 9.3% jump in net exports and there was also a strong reading on equipment and software (with corporate PCs as old as they've ever been, the next up cycle is expected to trigger record-setting sales). The most unusual facet of the GDP Report was the $35.8 billion decline in inventories. It's hard to imagine that such a phenomenon could occur during such a blowout quarter. =========================================================== MORE ABOUT WALL STREET STRATEGIES If you are looking for decisive trading strategies you need to get on board the service. Now more than ever in this market environment investors need guidance and direction to profit. Our daily goal is to make our subscribers money in the stock market. You have got to be in the market to profit from these moves and we are here to help. For more information, please email mailto:research@wstreet.com =========================================================== Friday presented the Street with a smorgasbord of economic data. In fact, it was so much information that I think digesting it was beyond the capabilities of investors. Let us not forget that for some reason the GDP report, which should have tasted like one's favorite dessert, went down the wrong pipe and triggered a serious case of acid reflux. September Personal Income and Consumption results were mixed, but solid. The Chicago PMI was also solid, coming in at 55 versus the consensus estimate of 56. The results were fantastic in an absolute sense, though the Street was actually looking for results better than the official consensus. So the economic data on balance was more than encouraging, it served to validate existing hopes and projections. That said; it is interesting that there was such a feeling of relief after the closing bell on Friday. Wonder why? __________________________________________________________ ABOUT THIS E-MAIL You are receiving this email because you registered at wstreet.com You can remove yourself from this list by visiting this URL: wstreet.com [Harry: This analyst stayed bullish too long during the market melt down. Could he be staying too bearish during this melt up? I don't know, but I also do not discount his points about the need for caution. The indices have had a great run this year.]