Replies to post #30966 on Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

randall....

I agree on the DELL news. DELL is one of the few tech companies doing well in this economy, but that is because of heavy cost cutting and taking market share away from its competitors in almost every area. While that is good for DELL, it is bad news for its competitors, as every other bit of information from both sellers and manufacturers shows that the overall sector is still weakening, not getting better.

Other than the DELL report, which is being greeted with far too much optimism, there has been no good news for this market, and I expect more of the same. I believe the rally will be over quickly, with a return to the downside.

mlsoft

[mjk]

Of course things are still rough, but how much is factored in is not known by anyone with any accuracy. Since when is reaffirming guidance or guiding slightly higher considered "Ra Ra"? Would it have been better if they had guided lower? As I said yesterday, too many people believing in the same scenario, in this case, a crash by EOM, is never good. As for all of the "experts" people have been quoting saying we've got X more downside here, any possibility they may be f'ing with us too? When everyone is bragging about how much they've made buying puts, it may be time to go long...not saying it is, but it's a hard time to commit to shorts.

BWTFDIK, this market's already taken a good five, ten years off of my life.