Zeev's Turnips - No Politics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Earlie who wrote (68509)	5/17/2002 9:07:28 AM
From: Zeev Hed	Read Replies (1) of 99280

Come on, Early, you don't play that "looking back" PE thing. The market will try and estimate the peak earnings on this cycle, for AMAT, I have no more than $1.75 on a annual basis (and that is rich) and thus my peak for AMAT on this cycle is $35/share. Yet, short term, I think we are pretty close to a local top here and I agree with you about the next two weeks seeing a dearth in good news, and actual bad news creeping in. I added to that list of potential shorts QCOM just under $32 (and suggest that those that got on have a hard stop at $34.75 or so) and VTSS at $6.65 (stop should be at $7.5). By this time next month, the outsized BTB of 1.20 (which was not a surprise) will drop down (temporarily IMTO) to the 1.12/1.15, and send shivers in the sector, IMTO, but that is a good month away. These shivers might create the conditions for a real and solid advance from what I expect to see as late June lows under 1500. Zeev

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next