Eaton (ETN) is definitely not overvalued! Message Board

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Technology Stocks : Eaton (ETN) is definitely not overvalued!

ETN 373.62

-1.0%

Nov 7 3:59 PM EST

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To: Walter Morton who wrote (18)	8/21/1998 8:48:00 PM
From: Ajay Nandanwar	Read Replies (3) of 338

You are right!! these stocks keep on getting cheaper!! ETN has broken all downside supports, and seems to be in a free fall. How many examples do you want of stocks which kept on getting cheaper.. COMS, CIEN (recently), CA, ORCL, BA, UNP).. there is a reason these stocks are down, and they are falling means the street knows something is wrong and they don't like the stock. Another wonderful short idea..LUBRIZOL CORP (LZ). I believe this makes a great short candidate, today dropped 7/8. I am targeting 10-15% downword move from here. Declining revenues, combined with market jitters will push the stock down. The stock is in downword breakout.... creating new 52 week lows every day. Charts also indicate downword drift... all earlier supports have been cleared. It's currently trading very close to the low created before Jan 96. Any opinions!! can some TA guru give me more insight. -Ajay

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