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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: KymarFye who wrote (60791)10/17/2000 7:33:16 PM
From: Techplayer  Read Replies (1) of 99985
 
OT Kymar, Did you buy based on our conversation? I truly hope not.

I don't know what the deal is after hours today. CMTN, RFMD and RNWK all got hammered on lowered 4th quarter guidance. Both RFMD and CMTN are surprises.

Based on the notes after hours, it looks like a one quarter event with regards to RFMD. Given that, one could always buy at the same price later on using the money for better purposes in the time being.

Tomorrow started off looking good with the numbers from INTC and the non-revenue number from IBM. That no longer seems to be the case. IBM is down significantly after hours due to a less than 4% revenue shortfall.

I would say that TQNT is still a solid play, but I won't given recent events.

Condolences as well if you are holding RFMD...

TP
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