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To: jaytee who wrote (12005)12/5/1999 12:24:00 PM
From: Herm  Read Replies (1) | Respond to of 14162
 
NSM The monthly chart indicates a new 52-week high.
Interesting repeat of a double-bottom before a spike
upwards as in the current move. NSM has a growth rate of
15.96% and a P/E of 44.8. You have to ask how much upside
is there from here to warrant such a P/E. For myself, I
would pass on this one.

NYSE: (NSM : $48 13/16) $9,050 million Market Cap at
December 3, 1999 Ranks 489th in the Fortune 500 on Revenue
& 4278th on Profit. Employs 13,000. Trades at a 4% Premium
PE Multiple of 44.8 X, vs. the 43.1 X average multiple at
which the Semiconductors SubIndustry is priced.



To: jaytee who wrote (12005)12/6/1999 2:03:00 PM
From: David Lind  Read Replies (1) | Respond to of 14162
 
Jaytee, with regard to NSM, as per my earlier post on RSI and stochastic, the stock is in a strong uptrend, which pretty much negates these indicators. This chart, IMHO, is useless at this moment in predicting price direction. There is every possibility that given the strength of the market, and the tech sector in general, that it could continue to fly. Or, it could top out and correct toward a trendline. Your choice. You pays your money and you takes your chances. Personally, I would not touch this until there is some confirmation of a correction from the strong uptrend, and the stock will then hopefully settle into a nice trading range with a slight uptrend. Right now it is like trying to catch a speeding train. Not a good thing to do.

- David