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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 672.07

-1.7%

Nov 13 4:00 PM EST

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To: Johnny Canuck who wrote (35685)	12/27/2001 11:17:09 PM
From: Johnny Canuck	Read Replies (1) of 67926

Stinker List siliconinvestor.com Updated: 28-Dec-01 General Commentary Another day of light, generally positive trading with the tech-heavy Nasdaq adding nearly 16 points on volume of 1.2 bln... Sector, which surged over past couple of months, now waiting for earnings news to justify advance... Unfortunately, earnings season doesn't begin for another few week so we can expect more dull, choppy sessions in the days to come... Bias should remain positive, however, as traders gradually increase exposure to the sector in anticipation of an economic/earnings recovery in CY02. With the economy expected to turnaround next year, Briefing.com thought now might be a good time to look at some of this year's tech stinkers, on the assumption that as the economy improves so too might the fortunes of the 24 beleagured companies listed below... Quite often the prior year's dogs tend to enjoy a nice bargain hunting (post tax-selling) boost come the first of the year... Some of these names have already enjoyed significant gains off their 52-wk lows, though each remains down by at least 50% year-to-date... In other words, there should be a little bounce left. Stock 12/27 Close YTD % Decline Palm (PALM) 3.80 -87% Applied Micro (AMCC) 10.50 -86% Corning (GLW) 8.47 -84% JDS Uniphase (JDSU) 8.50 -80% Comverse Tech (CMVT) 22.94 -79% EMC Corp. (EMC) 13.62 -79% Nortel (NT) 7.10 -78% Vitesse Semi (VTSS) 11.83 -78% Broadvision (BVSN) 2.76 -77% ADC Telecom (ADCT) 4.63 -75% PMC-Sierra (PMCS) 21.85 -72% Power-One (PWER) 10.82 -72% Tellabs (TLAB) 15.63 -72% Solectron (SLR) 10.59 -69% Qwest Comm (Q) 13.70 -67% Mercury Interactive (MERQ) 34.28 -62% Siebel Systems (SEBL) 28.08 -58% Gateway (GTW) 8.09 -56% Lucent (LU) 6.14 -55% Nextel (NXTL) 11.12 -55% Sun Micro (SUNW) 12.81 -54% Cisco (CSCO) 18.49 -52% Oracle (ORCL) 13.99 -52% Broadcom (BRCM) 42.05 -50% We limited our search to stocks in the S&P 500 so as to keep the size of the list manageable. Robert Walberg briefing.com

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