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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (688)	2/21/2001 11:41:15 PM
From: John Madarasz	Read Replies (2) \| Respond to of 52237

EMC at 40 is absurd. I think you're right...that stock has just cracked bad. Storage sold off hard AH on the BRCD guidance There could be a nice short covering rally at 34 support, other than that I'd look to a couple different H/S measurements on the weekly... one at 32 and the other at 25. I've noticed a lot of these bigger wedge breakdowns, that were borne from the Jan. lows, have rolled into H/S plays and rally from their H/S downside measurements as shorts cover at these targets... the stocks rally back briefly only to get shorted harder at the tops of the smaller newly formed wedges... it's just the mania in reverse, still lots of pressure I think until folks get wise something to think about anyway...as if we don't have enough<g>

To: dennis michael patterson who wrote (688)	2/22/2001 8:12:16 AM
From: KatayamaGorobei	Read Replies (2) \| Respond to of 52237

from briefing.com: 08:08 ET EMC Corp (EMC) 42.95: Morgan Stanley downgrades to NEUTRAL from OUTPERFORM, calling Brocade news the last straw; says every way it looks at the numbers, firm arrives at a valuation in the mid-to-high $20's to the mid-to-high $30's for the next several months; would become aggressive buyers in the high-$20s.

To: dennis michael patterson who wrote (688)	2/22/2001 9:39:31 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

I have a downside target of 34 on EMC, FWIW. It doesn't mean it'll hit it - INTC and IBM missed their downside targets by 5-10% when DELL and MSFT exceeded theirs by 20%+ - but it means it's still a little ways from where it has historically bottomed. They should rebound like crazy at some point, given how hard they've sold off, but they're also facing classic disruption from NTAP - they ignored the lower end of the market, and now the low end products have become good enough to challenge EMC's high-end business. EMC, CHKP and JNPR are probably about the only bubble stocks left of any size, IMHO. AMAT is amazing. Definitely evidence of a major bottom on that one last week. TLAB is probably my favorite here for fundamental reasons; the RBOCs are going to wind up buying T and WCOM. If we go down further, I'll be adding to CSCO. My ideal, rock-bottom, blue-light special price on that one is 21.60, or 30 times FY 7/01 estimates.