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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: John Crovelli who wrote (837)5/21/2001 10:40:34 PM
From: Michail Shadkin   of 6873
 
John Crovelli - Re: BRCD

BRCD had a big run today to breakout of its resistance.
here is the news:
biz.yahoo.com

The storage sector has been one of the major leaders last month.

BRCD has BIG MO written all over it, as it trades with the Nasdaq.
In current market environment, I would stay away from major momentum stocks.
BRCD has a forward PE of 107, but sometimes overvaluation is not enough.

CRDS, a small competitor, had poor earnings AH. This might have a small effect tomorrow.

Michail
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