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Brocade Communications Systems, Inc. Message Board

  • jyprophet jyprophet Aug 20, 2001 8:59 PM Flag

    Up , Up, and Away

    If the fed drops interest rates 1/2 point tomarrow, all the shorts will get reamed!!!!! I really hope they do, it will turn things around quickly. All that money on the sidelines will flood into the market. Cheap money will really entice people to invest. 1/4 point, we will have to wait for a while longer for the turnaround.

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    • Not much happened here or at golf today. I�m surprised that some shorts would cover and hold the price up. The Feds will not move the tech stocks. People are going into low PE stocks with assets like Energy. I picked up some DNY today at the low to add it to my VLO holdings.

      Even a full point is not going to help BRCD. Buyers will hold for the newer technology that is why the management is expecting flat growth. I guess management will take a loss on that inventory! I�m shorting until next quarter or two then I will cover and move on. I would surmise others would increase their short positions after the Fed news. BRCD has no top line growth for the next 2 quarters. The PE is only going higher with each weak quarter they report.

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