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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (3007)	2/7/2001 1:50:22 PM
From: John Pitera	Respond to of 15481

I agree with you, the collateral damage of the tech slowdown, as seen in BRCM, AMCC, PMCS and others is more spectacular. look at CD for a nice chart, ALL had great earnings , BR hit it's 200 dma at 41 within the past week and it's higher as are the NGAS stocks. the Pharms are looking good. the BKX chart is strong. the NASD .618 retracement of the 1-3 to 1-24 high is about 2500. We'll get Fed intervention down by 2250 back to CD for a moment: the Virtuous Cycle 10:03 ET Cendant Corp (CD) 14.01 +0.81 (+6.1%): Benefiting from positive preview of Q4 earnings report by CS First Boston; firm believes current estimates for CD are conservative and there is a likelihood of repeated upside surprises and/or estimate increases in the coming quarters; thinks company could raise its guidance for FY01 today; would be a buyer of the stock ahead of earnings today. they are a few interest sensitive businesses and their mortgage business is probably doing very well with refinacing.