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Strategies & Market Trends : The Options Box

QQQ 625.05

+0.1%

Dec 9 4:00 PM EST

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To: Poet who wrote (7981)	12/3/2000 12:52:42 PM
From: dli	Read Replies (1) of 10876

Poet, thanks for posting that article. Unfortunately, it misses the best value of all in the communications chip sector which is IDTI. It's currently trading at a forward PE of only about 12 (I scooped some up on Thursday at $28). Personally, I'd still shy away from AMCC, PMCS, and BRCM as their relatively better growth prospects than the rest of the semis which the article cites as a buying reason are IMO still fully priced in with forward PEs close to 100. With IDTI OTOH that's clearly not the case. Technically, IDTI may have done a successful test of bottom on Thursday (we should get confirmation or non-confirmation tomorrow) which had the feel of a major liquidation panic by institutions. GSPN also looks interesting from a technical viewpoint as it is right at major support from the Fall of 1999. Should be good at least for a bounce. Dave

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