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Strategies & Market Trends : The New Economy and its Winners

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To: Sonny Blue who wrote (10734)	3/4/2002 5:21:55 PM
From: techanalyst1	Read Replies (2) of 57684

Breaks the downtrend in nazzie on heavy volume. Bad news for the shorts. I bet the worst case is a trading range for a while. The only thing worrisome is the seasonality in front of tax season and earnings season and the continued lows in vix and vxn. I hope who ever sold me their telm shares today for less than the company has in cash doesn't feel too much pain when the stock is back to 9 next year. Even if they miss revenues and burn additional cash (which is likely), it's probably still a decent valuation. And even if the company is a buyout, I doubt it goes for less than they have in the bank. TA

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