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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (117949)	12/3/2000 2:54:48 PM
From: puborectalis	Respond to of 120523

Merrill's Milunovich Recommending 4 of 11 Technology Sectors 12/3/00 10:06:00 AM Source: Bloomberg News New York, Dec. 3 (Bloomberg) -- Merrill Lynch & Co.'s technology strategist Steven Milunovich favors buying only four of 11 technology sectors, saying ''things will probably get worse before they get better,'' the New York Times reported in its ''Market Insight'' interview column. Even with Merrill's index of technology stocks down 44 percent from its peak on Sept. 1, ''you can still look around and see expensive stocks, particularly in software, storage and communications equipment,'' Milunovich said. The four sectors he likes, and some favorite stocks, are computer services, including DST Systems Inc. and Automatic Data Processing Inc.; storage companies, such as EMC Corp., Veritas Software Corp. and Network Appliance Inc.; software such as VeriSign Inc., Adobe Systems Inc. and Ariba Inc.; and contract manufacturers including Solectron Corp., Flextronics International Ltd. and Sanmina Corp. Intel Corp., whose value is down 54 percent since Sept. 1, Texas Instruments Inc., down 44 percent, and Motorola Inc., down 48 percent, ''are looking better here,'' the Times quoted Milunovich as saying. ''But I wouldn't have money invested in technology I couldn't afford to lose. Things will probably get worse before they get better, because the fundamentals are worsening.'' (NYT 12/3, 3-8) (For the Web site of the New York Times, type {NYT1 }.)

To: lee kramer who wrote (117949)	12/3/2000 6:12:24 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

Shorting and the problem today.. and the question: Is it still okay to short X stock or Y stock? No, if you missed the beef of the short near the curve where the top slopes down it gets very obvious at the bottom and you will be stuck. There is 25% or less chance of making a profitable trade when you are shorting well into the third cycle when everyone and their brother, and family dog are shorting. Everyone is finding out that these overvalued companies with intolerable multiples can be shorted, except that now there is a problem. Short covering when a stock moves up in the first reversal session or gaps up 5 or 6 points. Good shorters know not to short with the crowd. They short AFTER the shorts are covering and AFTER the bear flag rally, not INTO the rally. We are waiting for stocks like SCMR, PMCS to cause a short cover, which they more than likely will on Monday somewhere during the morning session and after novice shorters, not to be undone and miss the drops in these blimps, are scrambling for cover and the stock has moved up its 6-10%, that is when the savvy shorter zooms in. We didn't short TIBX, TUTS, NUAN, ONIS, NUFO, PMCS, SCMR, JNPR,NTAP, JDSU, BVSN, VRSN, BEAS at their lows but at the pinnacle and first move OFF THEIR HIGHS. Now we maintain a cautious outlook and outwait any potential rally. We short when key moving averages are sloping down but not at the very high but on the second phase when there is no signs there will be a bounce off the 20 day day moving averages back to the upside (this is how we shorted bull markets). Its this middle of the downphase that contains the beef of the short and not the very bottom when the stock is already oversold and the price move to the downside is so obvious as to attract every novice shorter. We shorted the declining 20 day moving averages than the declining 40 day and than the 100 and finally we are shorting the moves above the declining 200 day moving averages. Here is where it is a little tricky so we short as daytrades and not through the weekend. We still need signposts of weakness to short like the one we had on Friday at 2:30 - 3:00 when we shorted into the the rally and got the 'beef' of the short. Just when shorts had covered in the morning and traders/short term investors were gearing up to pump up that rally was the time to short. It was not until after the doldrums and the 2:00 reversal period that the signposts were becoming more clear as stocks like TLGD, NVDA, SEBL, CIEN, IWOV (a favorite short) were losing their intraday support little by little as they moved off their highs. Sure we went long on Friday and/or had some call options, but we did feel that the rally was another 'too much-too soon' and were sitting on our suitcases ready to move out at the first sign of a reversal and we got that reversal and fizzle. Of course in the last 15 minutes the fizzle seemed to indicate it was the time to go long some more 'quality' issues like SEBL, TLAB, JDSU, etc. for a possible move up into the first reversal session on Monday. No overextension here, just 2 or 3 option calls with a capital outlay of less than 10k and leverage of 100 times that price. CMGI, BVSN, EFNT. These companies are among those that have been floundering since the beginning of the year and are looking quite pathetic. I would have no confidence in stocks that won't be turning profits until years from now.

To: lee kramer who wrote (117949)	12/5/2000 1:00:38 AM
From: Internet Jones	Read Replies (1) \| Respond to of 120523

The trial judge in Seminole County must enforce the law, in the first instance, and the Florida Supreme Court must order a recount of votes after the deadline it set earlier. Then the U.S. Supreme Court won't have time to rule and one Congressman can challenge the electors that the Florida legislature sends to the Electoral College. So now its down to Seminole County. The judge there seems to be running out the clock, which makes appeal difficult and his ruling a little more final.