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mlsoft-- As for the Qs hitting the 32 range in the not too distant future,, well-- it is POSSIBLE, although unlikely. I'm sure Greensperm will do all in his power to see it happen. Until business begins spending again on tech it will not happen. Profits are a key and about the only way for tech profits to see high profits again is to see some consolidation. Some big names in tech and airlines need to be permitted to go belly up in order to reduce capacity. The easiest example is airline seats. Allow US Air and UAL to fold up (as they well deserve) and there are fewer companies with high priced labor and rediculously priced mgmt operating at a loss while expecting the taxpayer to keep them afloat. Like throwing $$$ in the sewer which would be much better used helping those out of work find another (although lower paying) job. Telecom is another that will not recover in any acceptable time frame without consolidation. Instead, many want to keep these companies in a $$ losing business and drawing out their sector recovery to decades instead of months. If US Air was no longer and UAL ready to toss in their crying towel, airlines would already be well on the road to recovery. HHMMmmm-- maybe some chipmakers ?????????????
mlsoft-- MyTrack has updated all except QQQ and a recent refresh on the Paine Webber accts show a slight drop toward being correct. One acct for my grandson was at about $8300 and shows a $41K increase for today,, I wanna SELL! If it were correct your broker would be in your yard measuring your home & putting up a for sale sign. I'm sure once the feeds are corrected I'll never see QQQ @ $319.73 again,,, LOL! Be damn lucky to see $31.97 in the near future,,
I have some nice gains like that today also,, AAI went from 3.95 to 126.44, QQQ to 291.82, PFE 226.29, GE 237.26, HD 554.54 & etc. Would like to unload all of it immediately
Same @ Paine Webber on Insite 1 (fee basis) and T Rowe Price (retirement accts)
out wpo for a loss under $25,, good day overall
took $46 on brkb,, looks like just in time..only 25 shares so just under $1200
maine-- its not all rosey news (for those short) from Japan though,,,,,,,,
TOKYO, Nov 29 (Reuters) - Japanese investors plan to put more
money in U.S. stocks on improving earnings and a rosier economic
outlook but will cut back on domestic assets, a Reuters poll on
global asset allocation for December showed on Friday.
A survey of 11 institutions, taken between November 22 and
25, showed fund managers intend to boost their allocation in
global stocks to 50.6 percent from 49.5 percent in the previous
month -- above 50 percent for the first time since the July poll.
But they are bearish on global bonds as their allocation
plans fell 1.1 percentage points from the October survey to 39.3
percent, while those for cash were unchanged at 10.1 percent.
"We are bullish on stocks in the near term, so it's better to
go slightly overweight," said Hiroshi Unno, global strategist at
Nomura Securities.
Katsuhiko Mitsumune, head of research at Kokusai Asset
Management, also intends to raise the weighting in stocks on
expectations that the market will rise towards the year-end.
U.S. SHARES FAVOURED
By region, the survey highlighted a flow into the United
States and out of Japan.
Weightings in U.S. shares hit their highest in two years at
48.5 percent, up 2.3 percentage points from the previous survey.
Japanese shares are turning less popular with allocation
plans falling 1.5 percentage points to 20.1 percent.
The euro zone was almost unchanged at 13.8 percent -- up a
meagre 0.2 percentage point from the previous poll.
Fund managers say U.S. shares look relatively cheap now,
while healthy personal consumption also adds to their bullish
views about Wall Street.
Junya Naruse, senior strategist at Daiwa Institute of
Research, said worries over U.S. corporate earnings and the
situation in Iraq had become excessive and shares seem
undervalued.
Japan offers a sharp contrast to the United States, with
investor pessimism mounting on concerns over the government's
economic policies.
"I have absolutely no hope for Japan's policy," said
Kokusai's Mitsumune.
Others say the government has failed to come up with any
concrete measures for its anti-deflation and bad-loan cleanup
package unveiled in late October, so market sentiment is likely
to stay weak unless government plans are made clear.
Respondents expect the Nikkei stock average <.N225> to trade
between 7,500 and 10,000 in December, down from a range of
8,000-11,000 in the previous survey.
maine--------- not quite,,
TOKYO, Nov 28, 2002 (Kyodo via COMTEX) -- Tokyo stocks ended higher Friday
morning after moving in a narrow range, sandwiched between bargain-hunting on
improved market sentiment and profit-taking from strong gains the previous day.
The bellwether Nikkei Stock Average rose 39.34 points, or 0.43%, to end the
morning at 9,216.12 after dropping to the morning's low of 9,125.35.
It was the first time the Nikkei has topped 9,200 since Oct. 2 on an intraday
basis.
The broader Tokyo Stock Price Index (TOPIX) of all First Section issues on the
Tokyo Stock Exchange (TSE) was up 6.29 points, or 0.71%, to 894.41.
The indexes hovered around Thursday's closing as investors saw few major trading
incentives. U.S. financial markets were closed Thursday for the Thanksgiving Day
holiday.
Brokers said a possibility for a sharp decline in stocks seems to have receded
after the Nikkei marked a 300 point jump Thursday.
"Yesterday's strong gains especially after the Nikkei topped 9,000 brought
positive sentiment to the market," said Hiroichi Nishi, equity general manager
at Nikko Cordial Securities Inc.
Investors were in a wait-and-see mood, except brokerage dealers and individual
investors cashing in quick profits. The Tokyo market was little affected by the
attacks in Kenya on Thursday.
Volume on the main section came to 414.52 million shares, up slightly from
Thursday morning's 409.34 million.
Advancing issues surpassed decliners 949 to 365, while 170 issues finished the
morning unchanged.
LOL!! Sorry but my two orders (over $1200) went through this AM. Still-- the stuff I ordered was the same price (1 item) or much less than locally available. Add the fact that I pay no sales tax & do not have to put up with traffic or idiots in stores it looks like there will be more orders placed there tonight or over the weekend. WHOOPS-- the 'free shipping' is fantastic.
Waiting to take some long profits and will need to see more weakness after that to put shorts in place. Trying to be patient on those shorts but it is difficult.. it is difficult to wish you luck YET as your short positions may coincide with my long ones.. but-- "Luck" and happy Turkey Day
plexxus-- not all have shorted into this. I've only had 1 short position in over a year but it is beginning to look like the time. Instead of individual issues, entire indexes look overvalued. It also should be a safe bet as this run has been too far over too short a time without a pullback. Past time for a decent drop just because profits will be taken!
Nope-- they make great rugs,, but very expensive,,,
LOL!! Just caught Maria B on CNBC. Now has a new lighter hairdo and showing some leg,, gonna need more than that to raise ratings,, that may even drop them a bit,,
Yep,, thought my AH buy @ 6.04 should be good for a bounce yesterday------ glad the stop was in. Looks like toast for awhile... No reason to reload until it drops much farther now. Even mgmt has nothing good to say..
<<"There's a bomb in Colombia?">> Every day,, not real news,,most likely drug fights
mlsoft-- in agreement but find F an easier trade on the long side. Stop in now from 8.51 entry. Last was lower yet. Besides-- if the cycle bites on a huge gap under the S/L it could still be flushed with overall trading profits or held for the next cycle. If it gains another 15% before the pullback I just may join your position,, if not-- I'll wait to return long.
LOL! Verbal S/L in place-- decent entry for a pop @ 6.04,,,not a bad one on a drop either as it should see minimal loss............. who'da thunk it @ 3PM,,LOL!
Bid in AH just now @ 6.04. Now about to go to dinner.. last I see was 6.44. Surprise me later??
HHMMM-- well take heart as it is still (so far) up about .18 since the open,, now tomorrow ???
Ray-- thought you may enjoy this--
HARTFORD, Conn., Nov. 20 /PRNewswire/ -- A lawsuit seeking class action
status has been filed in the United States District Court for the Northern
District of Ohio on behalf of all persons who purchased or otherwise acquired
the publicly traded securities of OM Group, Inc. (NYSE: OMG) ("OMG" or the
"Company") from April 25, 2002 through October 30, 2002, inclusive (the "Class
Period").
Plaintiff is represented by the law firm of Schatz & Nobel, P.C., which
has significant experience prosecuting class actions on behalf of investors.
If you wish to discuss this action or have any questions, please contact
attorney Nancy A. Kulesa at (800) 797-5499, or by e-mail at sn06106@aol.com.
For more information about Schatz & Nobel, P.C. and class action cases, please
visit our website at www.snlaw.net.
The Complaint alleges that OMG, a producer and marketer of metal-based
specialty chemicals and related materials, made misrepresentations concerning
its business and financial condition. Specifically, on April 25, 2002, the
defendants reported favorable 1stQ 2002 results and represented that the
consumption rate on cobalt was increasing, which would result in higher cobalt
prices and favorable results for OMG in 2002 and 2003. After reporting
disappointing 2ndQ 2002 results, defendants maintained that business was
strong and all indicators were for a good second half. As a result, OMG stock
continued to trade above $50. On September 19, 2002, OMG warned that the 3rdQ
2002 would be slightly lower than prior statements. Then on October 29, 2002
OMG announced a huge loss, an inventory write-down and a full restructuring.
On October 31, 2002 it was disclosed that the C.E.O. had sold all of his
holdings to cover a margin call on some 710,000 shares on OMG stock which he
had used as collateral for a huge loan. On this news, the stock price
declined to $6.12 per share.
Plaintiff seeks to recover damages on behalf of all Class Members. If you
acquired OMG from April 25, 2002 through October 30, 2002, inclusive, and wish
to act as a lead plaintiff, you may move the Court to act in that capacity not
later than December 31, 2002. If you wish to discuss your rights as lead
plaintiff or as a class member, please contact Schatz & Nobel, P.C. toll-free
at (800) 797-5499, or by e-mail at sn06106@aol.com.
fed-- what you descibe is taking place and is healthy,,,,,, but anyone that thinks the economy can save itself through must remember,, there is negative growth in this manner..
Rayman-- everyone has a loss. They mean NOTHING! Its only at the end of month, qtr, YEAR does it make a diff. Get over it or you'll have a hard time becoming a serious trader. Your OMG hit was yesterday,,,,, DONE! Now use the cash to make it back or buy a CD.
<<"Can't help himself; he's hooked on phonics">>-- nope. If one would waste enough time to analyze it could be determined if it is a means of bringing attention to himself or due to the fact he cannot spell beyond a 2nd grade level. If even more time were wasted, his agenda could be determined, other than just seeing himself on the internet. Possibly he has a goal of becoming the record holder for wasting the most bandwidth in the universe? ROFLMAO--- the 2nd person 'ignored'!
<<"...he doesn't respond because he has you on ignore -- which is a good idea for the rest of us.">> and it is easy to IGNORE the IGNORANT...
ROFLMAO--- Talking to yourself I see,,,,,,,,, LOL! Nity-nite, big guy!
Had to try a little F for a swing @ 8.49..
Agreed sylvester-------- Tech may be seeing something slightly positive in 6 mo (maybe not,,) but telecom has probably 2 years at best. What is really needed there is a few to just go *POOF* and a few more consolidated,, then there is a chance.
yjacket -- great news. Al Bore running in 2 years will assure Bush a 2nd term. If he & Bore could only do it a 3rd time! Hey, may be possible as Al has said he has done many things including inventing the I-net,,LOL
fed-- I agree! All those I've talked to that did the recent refi's have done 2 things. They shortened the time to pay and most increased their payment amount. Not one added years or dollars to their old mortgage. They simply are repaying the amount owed at a higher rate over a shorter time span. The recent sub 5.5% (15 year) brought quite a few out of the woodwork. My guess is it would take rates to drop to sub 4.75% to get any new refi's--- which is as likely as Monica Lewinski becoming the President of a girls school.
AMAT today may cancel MSFT of Fri-- now direction (ST) could depend on Greensperm action and the mkts perception of that action,,or lack of action,,
Zeev -- agreed. Looking to get IBM again in the 60s. MSFT should see 48 or so if luck prevails. Tomorrow should be good for a pop--- some time after Greensperm does his dirty deed we shall again get to better levels to buy for swings...
LOL!! Larry does not care-- he has a problem with Gates,the nerd. Makes him question his manliness as the nerd cleans his macho clock in every way. Besides-- he is wasting the $$ of shareholders just as a few with political ambitions are wasting taxpayer $$. Ellison -- the next Custer only no one will give a crap as he shot SUNW in the head-- MSFT only shot it in the foot.
He probably has nothing good to say. He has been unusally quiet and out of the news recently. No one is asking him anything (for a change) or he is hiding quite well.
'limtex-- I agree Mon should open up nicely. Still there are many concerns with the economy as a whole. Granted-- the mkts always want to go up-- the historical trend is up,, I always listen to my mother and she has often said "what goes up must come down" but never once said what comes down must go back up... patience is key for both longs and shorts. Most depends on the amount of pain that can be accepted before flushing. IMO the panic you are looking for may not be as great as expected. The amature shorts went broke long ago. Those short now are sitting on huge gains. Most will cover early on techs-- but there are a lot of non-tech issues heavily shorted which will have minimal bearing if any, on the msft case.
LOL!! Almost (nah!!) feel sorry for POOR Larry. May as well spend more SH $$ on losing lawyers..
limtex-- gotta agree with you! I'll certainly not feel bad,,,,,,, although I hold few techs msft is noticeable in the portfolio,,LOL
Yes-- gotta agree. Sadly MSFT will bring up some dead dogs that just need buried! However-- we will take gains wherever with S/Ls in place.
Yeah-- & if I had gambled 10K instead of 1K shares it would have dropped like a rock,,
She mayhave a difficult time unless planning on having it all by herself,,, maybe not! She can certainly afford to buy some company,, but it will take a ton of money!
60 days-- 90 going into new model year..
CT-- Agree to disagree --
additionally, many have seen such things. No need to be sorry about that,, it would be wonderful if there would be no war,, only when the weak succumb will that happen.