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Re: was Steve post# 341455

Wednesday, 01/05/2005 11:55:10 AM

Wednesday, January 05, 2005 11:55:10 AM

Post# of 704041
Nah - they're good for some more downgrades. Nothing like a good few semi downgrades A/H to put the fear into the market overnight and whack it the next morning.

And lets not forget we've got earnings coming up next week. Plenty of scope to downgrade on last Q, this Q, 1H, 2H, 06 prospects, and if all else fails then you can always use the old standby of "valuation concerns". There is also this years "special" of option treatment which should be good for a few downgrades. Plenty of scope.

My guess is we will start to see the A/H downgrades in the next day or so.<gg>

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