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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Sowbug who wrote (45146)4/22/1998 4:56:00 PM
From: Peter Yang  Read Replies (4) | Respond to of 61433
 
Finally MSFT's earnings are out. The news is just okay and not spectacular. In addition, they mentioned slower growth for the rest of the year. I think the market will start retreating tomorrow afternoon or on Friday. All the earning news, no matter bad or good, has driven the market to an unbelievable high. From Friday, no more news to do trick and it's going to be hard to drive the market any higher without any news. It's time to take profit!!!



To: Sowbug who wrote (45146)4/22/1998 5:13:00 PM
From: Peter Yang  Respond to of 61433
 
I see the following statement in many earning reports:

"Says expects Q2 to continue to have slow seasonal demand with improved performance in the second half of the year...".

How do they know the performance in the second half of the year will be better if they didn't have any idea about this quarter three months ago?


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