Classic TA Workplace 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 : Classic TA Workplace

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: skinowski who wrote (67038)	2/21/2003 12:01:54 PM
From: Perspective	Read Replies (3) of 209892

Ah, SYMC. I've been accumulating a long-term short on that for some time. My gripes: it's one of only a handful of Naz100 that are at their all-time-highs, which makes me immediately suspicious. It's up 7-fold since it's 1999 low. It's a hiding place of a batch of institutional clowns (top 6 hold 1/4 of float). Trades for over 30x cash flow, 10x book, and carries debt equal to equity. The interplay with $40 has shown the significance of the level, and the last push over it was low volume. I like the ED scenario a lot there. Even a minor drop to the bigger support line would take it back to $37. Just gotta get something to give it that kick in the arse... BC

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next