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Technology Stocks : INTEL TRADER

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To: MonsieurGonzo who wrote (10658)1/10/2002 11:17:10 PM
From: Berney  Read Replies (3) of 11051
 
MG, Re: Bottle Tops & Other Tops

TM is getting really good! I urge you to look at the charts on his site. The weekly gives a great picture of how we see the world. We have broken that nasty (white lines) down trend channel. However, it has been done before and each time has been a trap. The green line (noted also by JT) is also in play. The green line is also about the 50 wk ema, which has also proven to be massive resistance for a long time now.

If this is a new up trend (which I doubt), the lower red line on the daily needs to hold. It is interesting that this line intersects the green line the end of January. Soon it will be time for Mr. Market to chit or get off the pot.

I just finished a massive study of the financial information of the Big Boyz. Found that about 30% of the earnings, ROE and PE ratios at major sites are wrong. For example, I show the 0012 eps for AMGN to have been .19, while I've seen it at a reputable site at .24. No doubt they were picking up some kind of pro forma eps last year. The estimate for 0112 is .31. Seems to me that it should have a nice pop, however temporary, on that news, particularly with the arbitrage shorts involved. JMHO

Hope you are well and

Just a VIew from the Swamp

TB
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