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csfb downgrades entire tech sector to "equal weight".
http://biz.yahoo.com/rb/030814/markets_stocks_4.html
and pmcs ...
interesting note, though. every downgrade of pmcs this year has been used to wash out sellers and then subsequently ram the stock higher. also pmcs has huge open interest on 15 aug puts. just an observation, though. (and i'm short, but cautious here.)
Germany in recession in first half
ah. so that must be why the DAX is up 50% since march.
on the other hand, mark faber (sp?) - who's usually outspokenly bearish - did day recently that he thought that the japanese market had bottomed. (barrons roundtable, i think.)
Because form a probability point of view every up move
can not be 5 waves. IMHO.
but it can if virtually anything can be grouped together and called "a wave", with subwave structure and all. me, i think of it more as an after-the-fact descriptive art rather than a predictive tool. but sometimes some truth can come out of that, if the artist is talented. sort of like a poet writing a sonnet or a composer a fugue, constrained to a limited form. or arch crawford and astrology
And then, quickly turned around and did it ten more times in rapid sequence just to give the other traders the impression that he was a together dood!
hmm. i was under the impression that this was the meaning of "accident" on the futures markets ... :-/
hmm. that's not on the kitko chart. doesn't even look like "down then reversed", it looks like a sequence of trades happening just under 362 and just under 352, both over a short period of time.
maybe some summer intern "accidentally" sold some gold $10 too low. :-P
re "gold down". where do u see that?
spot gold looks kinda stable.
http://www.kitco.com/charts/livegold.html
futures similarly.
http://mrci.com/qpnight.asp
am i missing something?
oh, re brcm, pmcs:
apparently merrill has reiterated its sell rating on these. (from yahoo board, i haven't verified this. and yes, augieboo, yahoo! i promise not to circulate too much of the other stuff i find floating in the sewers of the internet, though.)
--------
Just read the Merrill report reinstating coverage on PMCS with a sell recommendation of 3.
Actually it is a reasonable report, giving PMCS a fair market value of 7.62, or 9.30 with a strong, not yet visible, recovery taking place. Telecom spending (60% of PMCS business is seen as down this year and next.) Printer sales (30% of PMCS market) are seen as flat. PMCS projected to earn 6 cents a share in 2004, -8 cents a share in 2003.
well, i have a short on brks, but its a small one. i had one earlier, then my "buy to cover" kicked in and - since it was lagging, i actually went long briefly. but anyway ... i have no idea. i'm often wrong :)
not sure about brcm. pmcs is certainly showing weakness a.h. also, and was pretty much underperforming today on rather low volume.
so, is this a buying orgasm on the sox or the real thing?
note: looks like they're selling into strength on swks.
For example, let's say a public company has land worth $100 million and no other assets ...
what!?!
a $1B company - and vastly overvalued at that - doing a public offering for $5B? duh.
isn't this sort of like saying that you shouldn't go long, say, a taiwanese company, because there's a non-zero chance that an enormous tsunami could engulf the island and wash the company's properties and entire business to the floor of the pacific?
What we have today is insanity.
well, as a regular listener of npr (while i'm driving) i have to add: to me, it sounds like the winds of protectionism are beginning to stir. just a bit now, but its something i've been looking for for a while as the problems you're talking about become better known, and the unions etc become more vocal as we approach the elections ...
[slightly political, so stop here if you think you'd be offended]
i continue to believe that at some point that incident way back when, when bush gave a speech about the u.s. economy in a warehouse which was loaded with crates labelled "made in china", with "made in u.s.a." plastered on top, and a big photograph of a packed warehouse behind the podium: that that image is going to epitomize his presidency. deserved or not ...
I have to think the gov is concerned about these high consumer debt levels.
interesting. someone should be concerned for the folks who took out balloon mortgages, interest only mortgages and big home equity loans at variable rates. although it seems a little late now.
AMAT, KLAC, NVLS, and MXIM all recovered toward the end of AH trading.
although trading continues on island, e.g. and its slipped back ...
re pmcs. i hope u mean 11.19
Either case was reason enough for me to say "sayonora."
call investor relations!
That, and a dollar bill won't get you a cup of coffee in the business world. Integrity is important, but integrity without execution is just altruism.
yah, ain't it a shame.
i suppose if bill gates hadn't existed, we would have had to create him.
> I'm very sure it looks like a "tech depression" from where
> McNealy is sitting!
all around the valley ....
hey, at msft too! otherwise, why would they have put the screws to their customers again with that hated subscription service ...
you need to show a bit more respect to sunw: they are responsible for a huge part of what eventually became the internet, although of course they gave it all away as community r&d. (and here i'm talking about fundamental things, like rpc and networked file systems and so forth, not java). perhaps it struggles, though, because of the integrity of its folks ...
> I remember Ballmer in Summer of 2000, flat out stating that
> tech stocks (including MSFT) were overpriced.
of course, that was a time when msft was trading well below where it is now, and csco was the largest company on the nasdaq by market cap, qcom and ibm were still well over 100, yadda yadda yadda.
now if you want a straight shooter, look at mcnealy (of sunw), who was publicly talking about a tech depression.
the SCOX saga continues ...
IBM sues SCO for selling Linux
http://www.theregister.co.uk/content/53/32229.html
SCO still offers 'infringing' Linux source code
http://www.theregister.co.uk/content/61/32233.html
well, so say those who should have researched the issue better:
http://us.imdb.com/Details?0101500
and its boris badenov. now who know's stimpy's full name? :-P
re kgc. well this is a comfort. unfortunately i have some money stuck with fidelity and this fidelity gold is my only choice there ... and they've been stoopidly weighted too heavily in kgc (like 17%?? yikes!)
so, zeev, is brks hitting your breakdown point about here?
(still holding short, btw.)
glg is on a tear, on big volume
hrm. well i actually got that from an honest to goodness feta-eating greek friend of mine, who's unfortunately now back in greece. but i'll ask her about it next time we do battle on everquest.
pancakes pancakes pancakes ...
my experience with "the original pancake house" says that blueberry pancakes should be served with blueberry compote. lingonberry pancakes should be served with powdered sugar, but work well with syrup. pecan pancakes require real maple.
anyway, perhaps we should take this volatile discussion to the pancake board.
> didnt one of the porn star win an election in italy once?
maybe you're thinking of the prostitute in greece?
refreshing to see kudlow get drilled for the mindless paid puppet-head that he is
wow. are you telling me i finallly missed a day where they had a guest that said more than, "i agree, larry"? dang.
no more summer fun for me. bad boy. bad boy.
GIVE ME A "M"!!!
T _ M _ _ _ !
would you like to buy a vowel?
nem moonlaunch ... ?
no comments here today on TNX and TYX.
does someone think the fed's monetizing debt?
OT dual monitors
well, you didn't ask me, but i've evangelized this everywhere and done it a couple times, so i'll chime in.
nowadays, with any operating system, its pretty much automatic. (though more recent ones are better of course; like say, win xp. apple has done this forever though.) it *can* be done with just two graphics cards (and in that case, its usually best if they're of the same type.) its easier if you get a double-headed graphics car. in that case, the setup utility provided by the card manufacturer will provide some thing (e.g. let you choose how you want the monitors to function: under windows, mine, for example, lets you choose to have both monitors display the same thing, or one to display only video, or one to display a "magnified" version of the first, or - the usual config - the two to be combined into a single large monitor. in that case you get to specify their physical orientation (is one next to the other, or on top of the other).
then, inside your regular setup, you'll be provided with the typical options for the resolution of the screen that you'd like to choose. in this case, its pretty simple: instead of 640x480, for example, you'll just be given the option of 1280x480. windows would treat it as a single physically larger display.
some programs are not well behaved with dual monitors, and there is some setup that has to be done via windows or monitor card utilities (e.g. where do you want new programs to pop up - its annoying when you have a program on your right monitor and its always popping up dialogs on the left monitor) and so forth. but in general, its not hard to get used to working on one very large desktop, and with only a few exceptions (windows being the least well behaved here - versus mac or linux, e.g.) its just like having one very large desktop.
once you get used to that, you'll be ready for triple monitors: this sort is pretty cool:
http://hardwarecentral.dealtime.com/xPO-Mass_Multimedia_MASS_Triple_Wide_C3H-15_(15_in.)_Monitors~FD...
http://www.techtv.com/callforhelp/howto/story/0,24330,2338786,00.html
> Does this all end with a bear whimper as one country slowly
> declines (US) and the new powers of the world rise (China &
> India). Germany, England and France seem to already have left
> the ballpark and on the way to become second tier economies
> about to do battle with Korea and co ...
not with a whimper but a raspberry ...
methinks you'll hear massive outcries for protectionism way before the scenario you describe unfolds.
what!? what happened to the magic penny?!
pmcs getting whacked again. hard to believe something violent is not going to happen there, though: massive put interest at 15 for august, and now trading under 11.5
We have traded and diluted our prosperity for cheap foreign made goods. How smart was that?? Tough times ahead, my friends.
perhaps its poetic justice ... manhattan was bought for $24 worth of trinkets, and now we'll exchange it back for a mess of gee whiz consumer electronics gizmos.
Fleck on why he's short KLAC, and other goodies.
http://moneycentral.msn.com/content/P57009.asp
Vist the Pasadena CA store 4-6x a week
whoa! i go there at least once a week. i wonder if we've met ... mmm, and then just stop in the back and get a nice warm potato pepper bagel. yum.
lesser tech is falling under its own weight though. my shorts in pmcs, kopn (added more today) performing well. brks is more well behaved than klic or nvls.
sorry but, that's what the charts iz sayin' to me ...