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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.88

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To: Johnny Canuck who wrote (32376)	5/21/2001 1:51:52 PM
From: Johnny Canuck	Read Replies (1) of 70274

08:09 ET Intel (INTC) 28.76: Merrill Lynch analyst Joe Osha cuts FY01 view to $0.53 from $0.67 (mean $0.56) and FY02 est. to $0.79 from $0.83 (mean $0.81); cites continued weakness in the PC market; has doubts about the company's ability to realize a significant margin recovery in 2002. 08:07 ET Advanced Micro (AMD) 32.49: Merrill Lynch analyst Joe Osha trims FY01 est. to $1.37 from $1.52 and FY02 to $1.81 from $2.09; doesn't see why investors need to own the stock as numbers continue to come down; investment rating remains Neutral. [Harry's comment: 50 percent of all semiconductors in dollar terms still go into computers, till that changes the technology segment need the PC segment to firm before any sustained rally can occur.]

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