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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: craig crawford who wrote (115132)	1/12/2001 8:19:07 AM
From: allen menglin chen	Respond to of 164684

The Big Picture Friday, January 12, 2001 Printer-Ready Version Nasdaq Ends 4.6% Higher, Marking 3rd Straight Gain Investor's Business Daily Tech stocks shrugged off some weak earnings reports and powered higher for the third straight session Thursday. The Nasdaq composite put together its first three-day winning streak since the beginning of September. More important was the index's 4.6% gain in the fourth heaviest volume on record. It represented a third consecutive follow-through day, confirming the rally that began Jan. 3. While that's encouraging, it's no guarantee. The Nasdaq turned in three stronger follow-throughs on May 30, June 1 and June 2, which sparked a modest summer rally that ultimately failed during the fall. One main difference now is that stocks have suffered through a 10-month bear market, the worst on the Nasdaq since 1973-74. A lot of the excesses have been wrung out, with some highflying Internets reduced to penny stocks. Many big-name techs fell more than 50% from their highs. Still, the average P/E ratio for Nasdaq 100 stocks that have earnings remains a steep 89. In addition, the Fed has reversed its monetary policy with last week's rate cuts. More should be on the way. Fear never reached a peak by some measures, perhaps because the Dow industrials and S&P 500 didn't join the Nasdaq's free fall. Markets usually hit bottom after most investors are scared out of their wits. But other contrarian indicators such as American Association of Individual Investors' survey of its members showed a lot of fear. While investor psychology is a mixed bag, the Nasdaq has changed for the better. It ignored Yahoo's negative earnings outlook from late Wednesday. The tech market will get another chance Friday to show whether it's ready to look beyond the day's headlines. Just after Thursday's close, Hewlett-Packard warned that earnings for its fiscal first quarter ending this month would miss Wall Street estimates of 42 cents a share. Because of a weakening economy and slowing technology spending, profit should come in between 35 and 40 cents. The stock was trading near 31 after closing at 32 3/8, up 5/8. A few minutes after HP, Gateway reported 12 cents a share for the fourth quarter, nowhere near the 37 cents analysts expected. They had already ratcheted down their numbers after the computer maker said in late November the quarter wasn't looking good. The stock dropped 13% in late trading after gaining 2.96 to 22.90 in the regular session. A few more stocks have broken out. Their bases aren't perfect, but their moves were strong Thursday. AmeriCredit surged 4 11/16 to 32 1/2, breaking out of a 14-week base on nearly five times normal volume. The car financing company reported better-than-expected earnings late Wednesday. Fiscal second-quarter profit climbed 56% to 56 cents a share, 3 cents above estimates. But not all breakouts are working. ASI Solutions, a human resources outsourcing firm, hit a new high Wednesday, but reversed and closed at its low for the day. The sell-off continued Thursday as the stock slumped 2 1/2 to 16 5/8 in almost six times normal volume. investors.com

To: craig crawford who wrote (115132)	1/12/2001 8:21:37 AM
From: allen menglin chen	Respond to of 164684

The Big Picture Friday, January 12, 2001 Nasdaq Ends 4.6% Higher, Marking 3rd Straight Gain Investor's Business Daily Tech stocks shrugged off some weak earnings reports and powered higher for the third straight session Thursday. The Nasdaq composite put together its first three-day winning streak since the beginning of September. More important was the index's 4.6% gain in the fourth heaviest volume on record. It represented a third consecutive follow-through day, confirming the rally that began Jan. 3. While that's encouraging, it's no guarantee. The Nasdaq turned in three stronger follow-throughs on May 30, June 1 and June 2, which sparked a modest summer rally that ultimately failed during the fall. One main difference now is that stocks have suffered through a 10-month bear market, the worst on the Nasdaq since 1973-74. A lot of the excesses have been wrung out, with some highflying Internets reduced to penny stocks. Many big-name techs fell more than 50% from their highs. Still, the average P/E ratio for Nasdaq 100 stocks that have earnings remains a steep 89. In addition, the Fed has reversed its monetary policy with last week's rate cuts. More should be on the way. Fear never reached a peak by some measures, perhaps because the Dow industrials and S&P 500 didn't join the Nasdaq's free fall. Markets usually hit bottom after most investors are scared out of their wits. But other contrarian indicators such as American Association of Individual Investors' survey of its members showed a lot of fear. While investor psychology is a mixed bag, the Nasdaq has changed for the better. It ignored Yahoo's negative earnings outlook from late Wednesday. The tech market will get another chance Friday to show whether it's ready to look beyond the day's headlines. Just after Thursday's close, Hewlett-Packard warned that earnings for its fiscal first quarter ending this month would miss Wall Street estimates of 42 cents a share. Because of a weakening economy and slowing technology spending, profit should come in between 35 and 40 cents. The stock was trading near 31 after closing at 32 3/8, up 5/8. A few minutes after HP, Gateway reported 12 cents a share for the fourth quarter, nowhere near the 37 cents analysts expected. They had already ratcheted down their numbers after the computer maker said in late November the quarter wasn't looking good. The stock dropped 13% in late trading after gaining 2.96 to 22.90 in the regular session. A few more stocks have broken out. Their bases aren't perfect, but their moves were strong Thursday. AmeriCredit surged 4 11/16 to 32 1/2, breaking out of a 14-week base on nearly five times normal volume. The car financing company reported better-than-expected earnings late Wednesday. Fiscal second-quarter profit climbed 56% to 56 cents a share, 3 cents above estimates. But not all breakouts are working. ASI Solutions, a human resources outsourcing firm, hit a new high Wednesday, but reversed and closed at its low for the day. The sell-off continued Thursday as the stock slumped 2 1/2 to 16 5/8 in almost six times normal volume. investors.com

To: craig crawford who wrote (115132)	1/12/2001 1:05:22 PM
From: GST	Read Replies (1) \| Respond to of 164684

$15B came into stock funds as of Wednesday -- very, very positive sign. The tape looks good. I am staying in. Good luck. BTW. I am looking for stocks under accumulation by institutions -- I have been riding JDSU up all week and I have resisted taking profits because I think the move up will carry on next week.

To: craig crawford who wrote (115132)	1/12/2001 5:24:54 PM
From: fedhead	Read Replies (2) \| Respond to of 164684

Is this guy for real ? 5000 this year on its way to 10000 give me a break. Anindo