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Technology Stocks : Agilent Technologies (A)
A 146.78-0.5%Nov 7 9:30 AM EST

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To: Boddington who wrote (110)12/28/1999 5:09:00 PM
From: noiserider  Read Replies (5) of 620
 
Interesting run-up on no news today.

Why would a low growth, mature business company gain 15% in one day? This, to me, is a great time to short and I did at an average price of $61.

Here are my reasons:

1. tech market is overpriced already with the NASDAQ up 80% this year

2. initial IPO holder will be flipping their shares soon

3. investors will take their gains early in the new tax year

4. two of the segments - Medical and Chemical Instruments -are in no growth markets

5. the other two segments - T&M and Components - do supply some high growth segments such as fiber optic transceivers and semiconductor test, but are small relative to the mature side of these segments

6. the earnings growth due to the asia pacific economic recovery has already been priced in

IMHO this is a nice $50 stock in early 2000. And I may be wrong. As always, I welcome constructive comment.
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