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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (8807)12/21/2000 1:42:57 PM
From: Berney  Read Replies (1) of 11051
 
MG, NDX needs to get through the resistance at 2320 or about $58 on QQQ. The sellers are definitely still hitting the rallies.

Saw the clip on the TV about the power problems in your neck of the woods. Seems like a bloody example of supply and demand at work.

Reviewed the projected growth rates at 11/30 for the Big Boyz. Of the 77, 33 were lower, 31 were higher and 3 were unchanged. Overall, the projected growth rates declined from a big bad 14.1 to 13.9 for the next five years. I still say that most of this is an earnings visibility issue in the new regulatory environment, but, undoubtedly, the meltdown in the dot.com's is having an impact.

The valuation formula that I use had a 3% undervaluation for the Big Boyz at 12/31/99. As of last night, that had increased to 23%. This garbage shall pass.

I'm fine! I lot of issues were resolved in the last couple of months and I look forward to 2001.

TB
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