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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: JeanD who wrote (63395)1/17/2000 9:48:00 AM
From: Jack Hartmann  Read Replies (1) of 108040
 
Chart on HSAC shows a steady selloff since late November. Not sure why. Institutionals? If earnings eastimates are to be believed, then it may explain why people are getting out. Also, many pundits like Bob Brinker are urging people to go 60% cash, so some are dropping out of tech stocks with no earnings whether it's right or wrong.
Dec99 EPS is (0.36)E
Mar00 EPS is (0.34)E
FY99 EPS is (1.24)E
FY00 EPS is (1.75)E
Yet despite this there are two strong buys and two buys from four analysts from Market Guide.
Per MG price/sales is a very high 313, that certainly does not help.
Institutions are still buying HSAC, but a slower rate. Only 10% held by them per insidertrader.com
We may see net selling when Oct-Dec numbers come out in Feb.
The whole DSL, broadband sectors been flat lately. Not sure when it will awake. Good luck.
Jack
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