The problem is that even terrible news is being spun to make it appear 'decent'. YHOO makes a penny, but has a revenue decline of 33%. MSFT loses 3.9 billion and MOT loses less than what was expected and this is decent news? I'm sure somewhere on TV they are spinning the unemployment number today to be something it isn't. It is the spin that bothers me. and BTW I have been both long and short CLS. I currently do not have a position in it.
Max MSFT lost the 3 billion on an investment. Thats has nothing to do with the revenue picture and the was raised!! That suggests that business isn't quite as bad as everyone thinks.. I sold my CLS at 49 last week. I believe that they may come in at 0.40 for q2 01 at best, but have to guild down. If they don't guide down, then I will buy on the news and hold forever!! as they are a super stock!