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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (34315)	8/11/2004 11:34:57 AM
From: profile_14	Respond to of 206131

CommanderCricket, thanks for the note. I am presently all in cash and have been reluctant to hold anything overnight. I am feeling though that the market is overreacting. After all, Cisco beat their numbers, explained the inventory with the back to school sales, and did guide flat to up 2%, which IMO is what is driving this sale. The news that drove the stock down from 24 to 20 is just what was reiterated on the call yesterday. I am not sure what analysts expect anymore. They want management to forecast earnings for them and expect them to have a crystal ball. If I were management I would say something to the effect of, "Do your job, and stop the group think. My job is to run an operation and company, not to spoon feed you." Of course, we know what would happen if they were so blunt as to say that, but it is the truth. It does not pay to even comment anymore. Here are the results -- that's it. This is all old news already. With regard to FLEX, thanks for the note. I know their pivot point is at 9.8 something and the market seems to want to take the stock right there. I am thinking that perhaps a better company might be JBL, but it is still not cheap. I was also looking at the semis, like AMAT, LRCX, TXN, and a few others, as I think they could rally quickly from oversold conditions. Thanks and best regards,