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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Johnny Canuck who wrote (28148)9/12/2000 12:16:48 PM
From: Johnny Canuck  Read Replies (1) | Respond to of 68312
 
Analysts trying to minimize the slide.

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10:40 ET Micron Tech (MU) 65 1/2 +5/8 (+1%): ABN AMRO reiterating TOP PICK rating and $120 target price following a recent slide in price caused by concerns over weakening DRAM pricing. Firm looking for seasonal demand to help improve pricing. Says remains comfortable with 2000 and 2001 estimates of $2.40 and $7.00 per share.
10:36 ET Nextel Comms (NXTL) 52 1/16 +1 5/16 (+2.6%): Hearing that wireless communications services company has cancelled presentation at the DB Alex. Brown London conference tomorrow. The move is renewing speculation that company may be "in play."