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Strategies & Market Trends : Technical analysis for shorts & longs

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To: Johnny Canuck who wrote (37074)	5/21/2002 3:34:21 AM
From: Johnny Canuck	Read Replies (1) of 70402

'kensey' has recommended ALTR (Short) at May 20 2002 5:53AM Altera Corp ( NASDAQ : ALTR ) Electrical Computer - Semiconductor : 1 new highs in group of 68 Symbol Last Time Change High Low Volume ----- ---- ---- ----- ---- --- ----- ALTR 20.58 11:49PM 0.16 21.00 20.06 5,948,300 Community Take -------------- 154 Long / 24 Short 'kensey' said: Mon May 20 02:42:29 2002 ALTR. short sale fodder to be sprayed down with water and then loaded into the trough. i'm staring at the label of a bottle of 1982 Mouton and the hoopla captured by the leaping goat of John Houston is this here case is destined to land in cow pie. same field, different analogy. valuation here is an absurd north of 11 times sales. the bubble has been re-inflated. it is not a question of if, but when this is a single digit stock and the chart resembles EMC. the only thing keeping the stock from caving is heavy institutional ownership walking the stock like a dog. comparable semi stocks trade at near 1 times sales. kensey See the annotated graph of this recommendation at: clearstation.etrade.com

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