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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject5/3/2001 10:46:42 AM
From: besttrader   of 37746
 
10:44 ET Asyst Tech (ASYT) 16.43 -2.69 (-14%): -- Update -- Technical -- Major breakdown in early trade holds near support at 15 mentioned in the Morning Movers story. While it has bounced, it is struggling to work back above its 200 day simple ma at 16.85 (stymied rally in Mid-April). Continued failure to build value above here leaves the door open to retest/breach the low.




10:44 ET AOL Time Warner (AOL) 50.52 -1.09 (-2.1%): Upgraded to BUY from Mkt Perform at Raymond James; appears that company has moved through the worst part of the economic slowdown without missing financial targets, and the environment seems to be improving now; thinks company has significant pricing flexibility that could be exercised later in the yr.
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