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

To: mattie who wrote (28382)	9/22/2000 1:20:43 PM
From: Suresh	Read Replies (1) \| Respond to of 67999

Hi Mattie, what are you buying ? The strong stocks which are overvalued by any stretch of justification or beaten down stocks ? Market seems to favor the strong stocks for the time being.... I am just holding onto my shorts for a while and I'm not planning on buying for a day or two. -Suresh

To: mattie who wrote (28382)	9/22/2000 2:58:34 PM
From: Clint E.	Respond to of 67999

No, I stay off. I don't see any value in the few stocks that have been leading the rally all along: BRCD, MERQ, CIEN, NTAP, JNPR, EXTR, SEBL, ITWo......and don't see a reason to buy the ones that have been pushing the market lower: intc, amat, ...

To: mattie who wrote (28382)	9/23/2000 10:53:34 AM
From: Clint E.	Read Replies (2) \| Respond to of 67999

Looking over yesterday's news, it is no wonder why the nasdaq market mostly recovered. People are shifting money into a small group of stocks that still have decent growth potential. The ones that if you add up their market cap, they compensate for the weakness and the drop in INTC+msft: brcm+brcd+pmcs+cien+jnpr+amcc+itwo+arba+newp+chkp+rbak+ntap+extr+sunw+merq+jdsu+beas+sebl+vrsn+cflo++++.............nt+glw+emc ================================== Public Apology Shares of personal computer makers and semiconductor manufacturers fell up to 10 percent after Intel said third- quarter revenues would increase 3 percent to 5 percent from the second quarter, rather than the 10 percent some analysts were forecasting. Intel's announcement even prompted one influential semiconductor analyst to apologize on CNBC for missing the boat on the flagging European demand that befell Intel. Indeed, in the wake of Intel's warning, other tech companies rushed to distance themselves from Santa Clara, Calif.-based Intel. Communications chip maker Texas Instruments (NYSE:TXN - news), on Friday emphasized it was little exposed to the personal computer market and maintained earlier forecasts for third quarter revenue growth. Michael Dell, Chairman of Dell Computer Corp. (NasdaqNM:DELL - news), the biggest direct-seller of personal computers, told Reuters on Friday he has seen no change in what Dell views as a strong PC market and still expects 30 percent sales growth this year. Dell added that his company continues to grow faster than the market in Europe, saying, ``We're gaining share.'' Both Compaq Computer Corp. (NYSE:CPQ - news) and Hewlett-Packard Co. (NYSE:HWP - news) issued statements saying sales were tracking their expectations. Compaq and H-P are more exposed than other PC makers in Europe, where they get more than 30 percent of their total sales. Shares rose 1-3/4 to 29-5/8 in composite New York Stock Exchange (news - web sites) trading while H-P stock rose 9-1/4 to 104-1/4. International Business Machines Corp. (NYSE:IBM - news) would not comment ahead of third quarter results next month; its stock rose 2-1/2 to 124. ===============