Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (27266)	7/10/2000 5:39:25 AM
From: Johnny Canuck	Respond to of 68187

Doc, It looks like it is too soon to enter HLIT. Technically it is still in a down trend. It is tring to find a base now, but any rally I expect to be very short lived. 207.61.23.98 There is still no block buying showing up. It is at about fair value now if you use the more conservation 5 year 32 percent growth rates and $0.77 for the earnings projection for the year. Till T gets its act together, I can't see HLIT getting any attention even though T is now less than 30 percent of HLIT's revenues (from memory ???). Remember that foreign revenue is now a bigger portion of revenues but we have seen evidence of slower spending in Europe (IBM and CA)and Japan (ORCL) so the picture in mixed. It did not help that management really messed up the analysts by assuring them there would be no miss in earnings and then announcing a miss. It will take time for investors to believe management again. For a longer term position trade I usually wait for the moving averages to converge to confirm that a proper bottom has been put in.