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Strategies & Market Trends : Take the Money and Run
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To: Jorj X Mckie who wrote (1293)5/30/2002 1:00:44 PM
From: AugustWest  Read Replies (1) of 17639
 
How about your phm?
I missed a short sell there at 55.24 yesterday by seconds. dropped rapidly to sub 54. The rest is history. Should be good down to 46 or so, IMO.

QCOM really tested me yesterday and again this morning. Should have added to it, but as you, I'm thinking some sort of sympathy bounce soon.
But there ain't no second half recovery, IMO and we still have the issue of companies that are too richly valued.

But I see chkp with a TTM PE of about 13. SO I decided to toss a little mad money their way.
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