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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (778)1/18/2006 12:12:54 AM
From: RockyBalboa  Respond to of 6370
 
Yes it is embarassing to see that a quite large company doesn't take off in a what was a decent recovery rallye from 2003 onwards. But then, Nortel, Ciena, and even Cisco weren't really doing well either.

Well, per today, I do have other thoughts. I was wrong too.. mostly with respect to treasuries which continue to trade upwards, so much for window dressing when the issue trades much higher compared to year-end.

The markets aren't digesting the one-two punch (Asia, and recent earnings - Yahoo, Intc) very well, from what I have seen afterhours. I have watched the correction of the Korean market in real-time when about one day ago, the index started falling from a freshly set high to a decent loss and doubled that loss today. It is down 6% in 24 hours.

For being so wrong, I think that you did considerably well.