new look gul so put this one on your watchlist, page-5

cashincline - respect your decision.

"what would be the point in developing and releasing a significant program in a declining market"

It's an individual decision but one company I have a stake in did make that kind of announcement today - in the middle of the day and in full knowledge that there was a declining market. I guess they weren't that concerned. IMO, when a company has a deal stitched up they are obliged to inform the market, no matter what the conditions of the day are.

I'll leave you with a few words of wisdom......

Years ago Warren Buffett asked an amusing question in one of his annual letters to the shareholders of Berkshire Hathaway. He noted that he was perplexed by people’s mood swings in relation to stock prices. He wondered why people were happy when the stock market was high and somber when it was low because he believes it should be the other way around.

To explain his point he asked the following question: If you ate only hamburgers your entire life, would you want the price of hamburgers to be high or low? Clearly, you would want the price to be low because in that way you would obviously maximize the purchasing power of your dollars. So too with stocks. When their price is low, you get more stocks for your dollars