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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Anthony@Pacific who wrote (64389)12/14/2000 10:45:52 AM
From: StockDung  Read Replies (2) of 122087
 
From Briefing.com on HAND today at 15:13pm

15:13 ET ******

Handspring (HAND) 57 3/8 -4 1/2: Handspring is a perfect example of a momentum stock that enjoyed a spectacular rebound over the past week (+66%)... However, like many of the momentum favorites, HAND failed to take out pivotal resistance... Consequently, the stock is vulnerable to another major near-term setback should corrective support in the 52-50 area fail to hold... The reason Briefing.com sees potential for another nasty bout of selling is that unlike many of the severely battered PC, chip and telecom stocks, HAND doesn't have discounted values to fall back on... Though we continue to expect strong PDA sales over the holidays to result in very solid revenue growth for the company, at a market cap of $7.3 bln on trailing twelve month sales of $173 mln, we think it's safe to say the good news is largely priced in... And with the Christmas holiday fast approaching investors are already looking forward and this is what they see - a slowing economy with rising unemployment and declining consumer confidence... Against such a backdrop, it's possible that consumers may just put off buying discretionary items like the HAND's popular Visor... As such, Briefing.com fears that a break of the 52-50 support area would leave the stock at risk to the November low of 41 1/2, with penetration resulting in a pullback to the 37-35 area... Key resistance is at 68 3/4. -- Robert Walberg, Briefing.com
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