Replies to post #27594 on The Black Box

[was Steve]

my shorties would appreciate it if you could arrange that soon (gg)

so much for the double -1000 forecast on the nasi and the slightly lower low before teh year end rally. mr market got me again.

should we get that pullback it would be enough to get me back to a new ATH and back on the long side cause there should be more up in the future

i am however not ready to think as bullish as 3000 though

[wahz]

csco's guidance was at least good, its all about the fact that the street doesn't believe they can make the numbers they have projected for the next year since it assumes increasing strength after 4-6 months out. The attitude the last week to the telecom equip reports has been very much like the reaction to good semi reports in summer 2004: the reports are good,(brcm, qcom, jdsu, csco, pmcs, rfmd, etc), but we don't believe guidance, which in part assumes increasing strength after 3 months. In summer 2004, the companies ended up right, but the street successfully took the stocks down a lot for 2 more months before the big rally, so investors still had to be traders to do well. I dunno what will happen this time, just pointing it out.