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Technology Stocks : Sanmina Corp. (SANM) -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (94)	8/10/1999 10:18:00 AM
From: Jack of All Trades	Read Replies (1) \| Respond to of 239

DS, SANM is a great trading stock. My indicators are showing a short term top here around 68-70. With this short term top a move to the down side of 8-10 pts is expected. Coupled with the market being weak, which I suspect the SPX to break below support of 1280ish. SPX support was tested on 8/5 and SANM tested on 7/29 tells me we go lower. Also I don't think a 50 PE will still be a buy in the near future. You can debate this with the growth of 40% but remember this is a short term trade. ESOP program have many employees in @ <$30 and if I were them I being looking to take my double when the panic selling starts. Don't forget solar eclipse.... :>)) Jeff PS Don't own the 60 puts.... EDIT we are testing SPX support right now.... 10:10 am SANM @69