Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: jjstingray who wrote (42109)	1/8/2003 9:46:09 AM
From: Paul Shread	Read Replies (1) of 52237

I agree; he revises his targets all the time. But I thought the .48 equity PC close Monday night, coupled with an overbought market in an area where the Dow and S&P could put in right shoulders and the Nasdaq and NDX running into the December island gaps, was a good overall scenario for lightening up. A surprise from AA this morning; they usually report early in the day (around 8 a.m.). 09:29 ET Alcoa misses by 4 cents (AA) 24.38: Reports Q4 (Dec) earnings of $0.21 per share (excluding various non-recurring after tax charges), $0.04 worse than the Multex consensus of $0.25; revenues fell 0.8% year/year to $5.06 bln vs the $5.29 bln consensus. Co also announces it will divest a range of businesses that generated about $1.3 bln in total revs in 2002, and will use proceeds from the sales primarily to reduce debt.

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