Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 690.36

-0.5%

Jan 14 4:00 PM EST

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To: Clint E. who wrote (34039)	9/5/2001 11:31:02 AM
From: Johnny Canuck	Read Replies (1) of 69762

10:35 ET Broadcom (BRCM) 30.57 -0.16: Trading floor talk that company's presentation at Salomon Smith Barney conference tomorrow at 1:30 pm ET will be positive based on unconfirmed reports from Taiwanese foundries TSM and SPIL that Broadcom has increased orders of chips it provides for cable modems. 10:35 ET Sector Watch: Semiconductor : -- Technical -- The Semiconductor Index or SOX is getting an early test of support in the area of 531/537. That range represents the SOX' lowest intraday/closing lows since early April. The lower end of that range appears to stand a chance as it also approximates the lower end of its 10 and 20-day Bollinger bands. If this first and important area of support should fail, look for subsequent support at 520 which constitutes an area of prior congestion back in April. To the upside, the SOX has little in the way of significant resistance until modest congestion at 560. Key levels to watch on two SOX components with similar technical dynamics are MU with support at 35.30 and KLAC with support at 45.00. 10:32 ET Metromedia Fiber (MFNX) 0.96 +0.08 (+9%): -- Update -- Kaufman Brothers reiterates Strong Buy rating; thinks that MFNX is moving into the final turn of the race, and is about to enter a new phase of growth. Expects stock to trade up considerably today in anticipation of completion of funding, a potential streamlining of company to accelerate its move to free cash flow positive... Firm values MFNX, using DCF and asset-driven methods, at $4 per share. 09:28 ET TXN Reaction : SG Cowen (Tech Radar comment) thinks the following stocks could react positively to TXN's confirmation of Q3 guidance issued this morning: RFMD, AHAA, TQNT, ADI... TXN first gave Q3 guidance Jul 23

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