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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: JRI who wrote (534)2/20/2001 9:47:09 PM
From: StockOperator  Read Replies (1) of 52237
 
JRI,

There are always a handful of stocks that even technically don't seem to make any sense. I have been down on QCOM for a while and you're right it just hangs in there. EMLX was another perfect example of a stock that broke BEFORE its time. I would have felt very comfortable saying that the stock would of held up strong at least into March. CHKP and GMST, imo, are going to have hell to pay next month. That of course is a guess based off what I'm seeing now. But I think you're right, if prices continue to go lower you almost have to put a completely different spin on what's happening. Personally, I'm not smart enough to do that intelligently, but I think one only has to look at the high margin rate and still pretty lofty valuations to make a pretty simple case for lower prices. The fact that so many have be so wrong tells me that all the pieces of the puzzle are not quite in place for even the best economist to do anything more than just guess.

I am negative but don't get me wrong I am always looking for a bottom. Trying to determine how things will line before they actually happen is a very tough thing in chart reading. But I think you have to try and interpret the easy one's like the AMZN, ADCT, and MOT's of the world when considering the group overall. Still not easy.

Regards,

SO
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