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Ursus


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Arithmetic indexes are meaningless because they overweight the highest price stocks.

 

And I remind one and all, stocks that go to zero are never left in the denominator of any index. Once they get to sigle digits they're gone. If they left them inthe Dow would have a hundred stocks. And the index would be a third of where it is today.

 

It's all BS.

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Had to take one last peak for 2003.

Looks like the madness will carry through to the last trade of the year.

Unbelievable futures jamming out of nowhere on all 3 indices at 1445

just to show the bears who is in charge.

They have screwed us all year why would they stop now.

Im going to short a couple of indices at the close to bring in the

new year. Mad money from a great year in silver.

Again to all of you have a great New Years Eve

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Hmmmm- PVC pipe pricing facing intense competition- more signs that the homebubblers are starting to run out of oomph?

 

REUTERS  Lamson & Sessions slashes outlook, shares plunge [DCVQMFB]

    NEW YORK, Dec 31 (Reuters) - Lamson & Sessions Co. <LMS.N>,

a maker of thermoplastic products, slashed its fourth-quarter

profit forecast on Wednesday by as much as 80 percent due to

price competition, sending its shares down nearly 18 percent.

  The Cleveland, Ohio, company said profit margins in its PVC

pipe business have been hurt by "intense" price competition.

    "Our previous earnings estimate for the fourth quarter was

based on a continuation of the market improvements that we were

experiencing in October. Unfortunately, those improvements have

eroded," said Chairman and Chief Executive John Schulze in a

statement.

    Lamson & Sessions said it now sees fourth-quarter earnings

in a range of 2 cents to 4 cents a share, down from its prior

outlook for 10 cents to 12 cents.

    The company also warned that earnings and shareholders'

equity could be materially reduced in the fourth quarter of

2003 or in 2004 because it may have to pay the medical benefits

of employees at a business it sold to YSD Industries Inc. in

1988.

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