BC Market Wrap
KSS looking to give up $50 now.
FCEL head & shoulders top complete, failing. Important TL test Monday.
AMSC, CDTS, SCON very sick. Superconductor stocks should *probably* make 52 week lows before the bear is over, right?
EBAY testing important support; failure would be sweet for da bears.
INFY excellent shorting opportunity thanks to pimp job by Fortune mag. I say again, Indian i-nutz themes are a really bad idea in a bear market. SIFY, SINA in same camp.
JDSU gave up 80 for good; reshort bounces to 80.
JNPR, oh JNPR. You have *such* a long way to go from here. Make *sure* you have anti-optical bets on - this bursting bubble may even make the i-nut implosion look mild.
Sickamore *STILL* at 45 times SALES! If this was their best quarter, they could easily lose another 80%.
SONS - $7B on a $15M quarter, in voice network infrastructure! Gee, that sounds like a *great* idea <s>.
STOR - similarly brilliant concept. Disk storage on the Net at $5B on a $15M quarter.
LNUX - almost covered this one, but it's still trading at 4X sales - twice that of DELL - and it doesn't have the "flight to quantity" safe haven notion of DELL since it is no longer a gigacap.
NAVI didn't quite get the bounce I wanted for my re-entry, but that $500M market cap still looks pricey given the state of the web hosting business and only $80M annualized sales.
NTRO is in the same camp. Broken, expensive stocks are not good ideas in a bear market.
PLUG is still $1B worth of imagination at this point.
RHAT represents amazing stupidity on the part of investors. Growth has stalled, and you are left with a miserable business plan and a broken stock trading for $2B on $80M in unprofitable revenue. Still my favorite candidate for the 99'er club.
Watching RIMM for confirmation of head & shoulders top.
RMBS - *excellent* entry point! If you've wanted this one, it has retraced to resistance, even as the story continues to decay.
SVNX breaking down. A billion dollars worth of imagination?
ZIXI should retest its low. Zilch for revenues, but at least they're losing lots of money...
SUNW - "B.O.C. Avoid" biting hard - reshort if any bounces to 100 occur.
TEK breaking down. Excellent Agilent clone, only worse management and poorer prospects.
AOL excellent entry on a classic.
INAP - $2.5B on a $20M quarter? Come on...
BRCM - high risk entry unless you can get $200.
EMC very sick. Add shorts on bounces.
CFLO another NTAP clone, only more expensive.
Speaking of which, NTAP quite sick, but don't enter unless you get a bounce near that $100 resistance.
And, hell yes, I hold positions in some or all of these securities. Caveat emptor. (What's the Latin word for "seller"? <g>)
BC |
