MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: Techplayer who wrote (60700)	10/15/2000 11:48:02 PM
From: KymarFye	Read Replies (1) of 99985

OT: TQNT and RFMD, just looked 'em up: Both report next Thursday, I believe. Their PEs are now almost in the real world, (well under 100), almost rational for companies growing like they've been, but, considering the "overhead supply" problem they both presumably face, not to mention the heavy downward momentum in the stocks, I'd be surprised to see them move up very quickly with anything less than astounding numbers/guidance. Why do you think sentiment is on their side? I'd think if they manage to halt the downtrend, hold in current ranges, base for a good long while, and eventually catch a ride on some stronger market move, l-t investors would probably have to count that as pretty darn terrific for the moment.

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