Invest / LTD Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: drsvelte who wrote (12624)	3/27/2000 7:20:00 PM
From: Thean	Read Replies (3) of 14427

Doc, SAWS received at least 4 different brokerage coverages today. All the reports can be found on the Yahoo's SAWS thread. Read all Txbanker's posts. Do it fast or you may miss it as they have a lot of posts there everyday. SAWS is subject to a lot of churning by the daytrading hands so I'm not surprised at the selloff today as the MM's succeeded in "stucking" some fresh new buyers who were expecting it to break above $64 and go to the $70. But since the story is so compelling I don't see a retreat to $45 either. Time will drive it above $64 and I think 4/13 (earning date) will decide whether it gets fresh new following. I think it will but I'm bias since I hold the stocks. Pete, ANEN's close today at $76 raised a big cautionary flag. All the three support scenarios laid out on my post yesterday still hold true but if it closes another point or two down tomorrow, the current support is broken. Since the next clear support is at $60, there is a chance it may trade that low on MM manipulation to clear stops. Today's volume is also rather strong so this is not too good for ANEN short term. However, in view of the approaching of the earning season and if ANEN can hold at the current level and build a base, then I expect it to get to at least $90 by the time it announces. WAP's - today strong subsector and PHCM again led the pack. Semi's - really mixed today but mostly down. Clear T1's are TXCC, VTSS and PMCS. RFMD is a T1 but today's action is not surprising since it gained 23 pts on Friday. Such a big gain on Friday is typically followed by some major news on Monday but there was none. So RFMD sold off today - as simple as that. Another possibility is that the street think RFMD may get into SP500 to replace MTC but LLTC got it instead. TQNT has been very weak since the correction and could not regain its past glory. Could the street be thinking that RFMD is kicking everyone's bottom in the wireless telecom chip space?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next