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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Lee Lichterman III who wrote (5546)4/10/2001 7:34:17 PM
From: dennis michael patterson  Read Replies (2) of 52237
 
Lee, we did poke through 1850 on the COMPX today which, to some, was important resistance. For the first time in a long time, I actually think the fundamental backdrop is most important. And in tech, it's horrible. Just because there have not been more horrendous pre-announcements does NOT mean that companies will say anything other than "it's awful" when speaking to forward-looking guidance. IT spending has just collapsed. Tim Luke was on Moneyline tonight and went through the situation in semis. No bottom until end of summer, minimum. I continue to buy on Sew Class One buys and sell when I make 3 percent or more
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