Technical analysis for shorts & longs 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 : Technical analysis for shorts & longs

SPY 668.73

+1.5%

Nov 24 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: j g cordes who wrote (16039)	5/15/1998 12:24:00 PM
From: Johnny Canuck	Read Replies (1) of 68255

Hi Jim, I am not sure I would short ADCT at this point as the potential gain is small. They announced a buy back plan when the stock was at 27-28 dollars, so this should offer support. They have also already announced estimated revenues for the Q. Using the profit margin for the last Q they should earn 22 cents. Estimates are for 25 cents for the Q though. Gross margins shoud be better as last Q was a traditional slow Q. ADCT runs a just in time operation on many of their product lines, so margins are better when orders are higher. The lack of reaction from the street to the revenue announcement indicates it is in line with expectations. Earnings are May 27 as far a I know. I need to check with the company. Technically, it is pulling back from its first try at the 200 dma. This is normal, but because of the above reasons the pull back will be limited till earnings are out. '' I will get back to you on the others.. Harry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next