Replies to post #678 on Marketgems Earnings Trader- Trading Strong or Weak (MKTGEMS)

[Lane Hall-Witt]

The market today is hugely impressive. The news flow was about the worst imaginable -- lousy retail sales, lousy consumer sentiment, lousy forecasts from WMT and S, lousy earnings report from LRCX, reduced guidance from JNPR -- and the market has translated all of this into a positive. All the LRCX CEO had to say was "I can't imagine it getting any worse than this" and all of a sudden everyone thought he had called a bottom: SOX 588 and rocketing!

EMC and TLAB seem to be the only companies where bad news is bad news. Odd--.

[Lane Hall-Witt]

Jenna -- RMBS: CNBC just reported that Dan Niles is anticipating that INTC will cut Pentium 4 prices as early as this weekend. That could be seen as a negative for RMBS -- although, frankly, bad news seems to be good news right now, so Mr. Market might like it anyway. The whisper on RMBS is 0.12, versus 0.11 consensus.

[Zak]

Jenna...Congrats on your great calls. Just found this board this week. Are you to be found on a live chat room (trading forum) such as mIRC. Please let me know where.

Thnx...Zak