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 : How To Write Covered Calls - An Ongoing Real Case Study! -- Ignore unavailable to you. Want to Upgrade?

To: jaytee who wrote (13119)	8/7/2000 5:59:37 PM
From: Herm	Read Replies (1) \| Respond to of 14162

Hello RobWin, TECHNICALS TXN according to the weekly chart profile over a three year time span, TXN has reached a top of a mark-up phase and a distribution phase has begun. One attempt to regain the 52-week high of around $99.78 is history. stockcharts.com[L,A]WACLYYMY[DF][PD20,2!C20!F][VC60][IUB14!LG] Both upper and lower BBs are curving downward as well as the expondential moving average set to 20-weeks. OBV is leaving the stock now. Next bottom price support level will be $50. If TXN drops below that, it's $40 to $30. The daily chart profile shows the upper and lower BBs spreading wider. So, the volatility is increasing and still the center exponetial moving average is downward. stockcharts.com[L,A]DACLYYMY[DF][PD20,2!C20!F][VC60][IUB14!LG] FUNDAMENTALS TXN has a 25% growth rate and a P/E of 46.4 which make this stock a bit on the rich side and might get a hair cut soon. NYSE: (TXN : $58 5/8) $99,684 million Market Cap at August 7, 2000 Ranks 176th in the Fortune 500 on Revenue & 121st on Profit. Employs 35,948. Trades at a 17% Premium PE Multiple of 46.4 X, vs. the 39.5 X average multiple at which the Semiconductors SubIndustry is priced. Monday August 7, 11:19 AM (EST) RESEARCH ALERT-Texas Instruments reiterated as buy NEW YORK, Aug 7 (Reuters) - Chase H&Q analyst Lucas Ward on Monday "aggressively" reiterated his buy recommendation on shares of Texas Instruments Inc. (TXN), citing the growing importance of TI's digital signal processors, which convert voice into digital data in cell phones and other devices. - Attendance at TI's annual conference on third-party digital signal processors drew 900 people, nearly double over last year. - TI works overtime to spread DSP technology and to build an "ecosystem" of hardware, software, and tools which third- parties can leverage to create new applications. - TI's wireless outlook remains robust/unchanged, mix has little effect on TI's margins or sales. - Broadband design wins are accelerating, and revenues continue to ramp quickly for the company. - TI remains a core holding. - TI shares were up 1-1/4 in late morning trading on the New York Stock Exchange. CONCLUSION There was a great deal of hype today on the stock and TXN when up. A "strong buy" reco by analyst Lucas Ward at Chase H&Q makes me even more suspious about why the hype. If they are a market maker for the stock, you can figure out what the intent is. There may be a bounce and some sideways movement...... I remember not too long ago when the street was so up about IBM. If you have you profit, take it and move on!