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BE CAREFUL ABOUT
SHORTING MONOPOLIES....
Verizon is one of
them.
But heck, the
economy is improving, right ?
<FONT color=#0000ff
size=2>WRONG:
1) Cigna
slashes profit targets thru 2003 and COLLAPSES 38% in one day! 2) AOL
overstated revenue by $190 million over the past couple of years. Probably not
very bullish. 3) BMY will restate earnings downward for parts of 2000 and
2001. Bristol-Myers said it will reallocate more than $2 billion in sales.
4) Delta to cut 7,000-8,000 jobs 5) SUNW to cut another 4,400 jobs
6) Duke Energy to cut 2,000 jobs 7) UAL to cut 1,250 jobs 8) Kodak
to cut up to another 1,700 jobs 9) Lucent will lop off another 10,000 jobs
soon 10) Michigan consumer sentiment...WORST in 9 yrs 11) Possible War?
12) Durable goods? 3 1/2 times WORSE than expected 13) Leading Economic
Indicators...4th weekly DECLINE 14) Philly Fed. report-EIGHT times WORSE
than expected 15) Consumer confidence...WORST in 9 years 16) Tommy
Hilfiger to close most U.S. stores (jobs vanish) 17) Corning to cut another
2,200 jobs 18) Boeing to cut another 1,500 jobs 19) EDS to cut another
1,000 jobs... 20) GDP lower than expected 21) Chicago PMI much WORSE
than expected at 45.9 22) Monthly jobs 200% worse than expected 23) ISM
WORSE than expected & confirms economic contraction 24) Factory orders
WORSE than expected at -2.3% vs. -1.6% 25) Applied Materials to cut another
1,750 jobs
<FONT
color=#0000ff>
What did I
miss ? Wait ! I forgot, Bush is overhauling his lackluster
administration....AFTER the elections.
<FONT color=#0000ff
size=2>
<FONT
color=#0000ff>
<FONT
color=#0000ff>
<FONT
color=#000000>
<BLOCKQUOTE
style="PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #0000ff 2px solid">
<FONT face=Tahoma
size=2>-----Original Message-----From: BobsKC
[mailto:bobskc@xxxxxxxxxxxx]Sent: Monday, November 04, 2002 11:12
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: RE: [RT] High
is inAt 07:54 PM 11/4/2002 -0500, you wrote:
Yeah,
what is "up" with Verizon.......over 40% since October 1st
????Look at the PE .... wireless is flattening
off .. I can't see it. If one "needed" to own a RBOC,
I would take SBC, but .......... Big day tomorrow .. should be a
few good swings .. good luck to all Bob
-----Original Message-----
From: BobsKC [<A href="mailto:bobskc@xxxxxxxxxxxx";
eudora="autourl">mailto:bobskc@xxxxxxxxxxxx]
Sent: Monday, November 04, 2002 5:19 PM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] High is in
Good call and most important, a public prediction to perk up our list
and make it ever more interesting. Thank you Jim, Ben and all of you
who have offered your trades for consideration. I hope more will
join in. I shorted1K of VZ today at 39.80 and carried it.
(Doesn't really count since I'm already in the trade but wanted to get
participating with this post). :))
Bob
At 04:03 PM 11/4/2002 -0500, you wrote:
Great call Jim
keep up the good work
Ben
----- Original Message -----
From: Jim White
To: <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, November 04, 2002 1:57 PM
Subject: [RT] High is in
On a 30 minute chart, The Near Impulse forecaster had a
turning point for 1:00 EST. Chances are the high is in for the day. A
short below the first 30 minute range is still possible. <FONT
face=arial size=2>
Jim White
PivotTrader.com
Home of the Near Impulse
Forecaster
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