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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: night_train who wrote (2897)6/26/2001 12:23:25 PM
From: Michail Shadkin  Read Replies (1) of 6873
 
Thoughts on SLAB

From their latest earnings report

"The decrease in our wireline business has clearly had a significant impact on our revenues recently. At this point we have limited visibility into future market conditions for the PC business, although we have seen some indications of improvement,'' said Mr. Sooch. ``We expect revenue for the second quarter to be similar to the first quarter guidance, in the $13 to $15 million range, with a loss from operations of $0.03 to $0.05 per share."

resistance at 20.
I have a feeling it could see 22s.

I wouldnt start a strong stock ahead of FOMC, just in case there is a significant rally

If starting here, maybe only 1/3 position

Michail
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