Michael: Concur with your value indicators, which point to
some other nice tech shorts out there:
BRCD stockcharts.com[h,a]dbclyymy[pc25!c50!c200!i!f][vc60][iUb14!Lk14!La12,26,9!Lc14!Lg!Ll14]
BRCM stockcharts.com[h,a]dbclyymy[pc25!c50!c200!i!f][vc60][iUb14!Lk14!La12,26,9!Lc14!Lg!Ll14]
XLNX stockcharts.com
and dare I say it, even
IBM stockcharts.com[h,a]dbclyymy[pc25!c50!c200!i!f][vc60][iUb14!Lk14!La12,26,9!Lc14!Lg!Ll14]
BRCD,BRCM and XLNX have P/S ratios in the 9-12 range. Only BRCD makes money, but for its income stream it charges you a ttm P/E of 80 although next year’s consensus earnings growth moves only from .27 to .28 per share. I’m trying not to be early shorting, but I added BRCD and IBM today. Will likely add BRCM if I see it hit 42 and topping action in the Naz. Major resistance for XLNX at 40. BRCD just filled gap at 30. Each of them is pricing in a recovery that I don’t see.
IBM makes money and is dangerous to short, being pumped-up on accounting steroids and meeting that “refuge” need for big money. It’s the only one where I’ll be stopping out if tomorrow shows a rally. |
