Some comments..
FWIW.. only for some outside them oney positions if we break the range on closing basis..
<<I only have a minute tonight, but the message is, Watch Out. The DJIA is getting dangerously set up for a big time breakoutyet again. A new high if it comes, will most likely be followed by a moonshot to 12,400. The stage is set, as the DJIA has basically been in a sideways trading range near it's all time highs since May (exactly as Microsoft was until a few days ago). If we do make a new high here, batten down the hatches, buckle up, and you'll witness yet another "upward crash" in short order. I can't believe it will happen, with horrible breadth, terrible put/call ratio's, an overbought 10 day Trin. reading, and the bond market acting so crappy (witness the Utilities), BUT, if we make a new high, it will be yet another "relative strength/momemtum" race for the roses. Stay tuned, if this is going to play, it will do so by years end!
>>
) DEUTSCHE BANK ALEX BROWN fwiw...................
<<JBL reit buy, top line slowdown from component shortages, target $120
<<JBL reit strong buy, reports strong 1Q '00 estimates raised from $1.50 to $1.56 and raised '01 estimates from $2.15 to $2.17, target $102 >>
<<GRUNTAL & CO
AFCI initiate coverage with a 1-1, ST target $50, LT target $60, leading digital loop carrier
JNPR initiate coverage with a 1-1, ST target $420, LT target $650, fastest growing Internet router
CACS initiate coverage with a 1-1, ST target $70, LT target $90, fastest growing integrated access company
CSCO initiate coverage with a 1-1, ST target $130, LT target $160, leader in Internet and Enterprise networking
TLAB initiate coverage with 1-1, ST target $80, LT target $100, best performing Telecom equipment vendor
LU initiate coverage with 1-1, ST target $100, LT target $120, Telecom leader with broad array of tech
AZA upgraded from 2 -2 to 2-1, after failed merger with ABT
INTC reit 1-1, ST target $100, LT target $120, extremely well positioned to leverage itself in 2000 >>
<<NKE upgrade 2-1 to 1-1, stock off 30% from 12 month high >>
ORCL reit strong buy, lowering prices on its Oracle 8I >> |
