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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (8002)2/23/2001 12:17:37 PM
From: Jibacoa  Respond to of 13094
 
QCOM: It seems it has some support at the 49 to 50 level from last year's July Ls and Aug.-Sept.99 Hs. Of course on the last Q report it had 39% lower revenues and a $357 million loss.It has a PE of 485 <g>

MANU: Has been on a recent downtrend after the double top at the 50 level (the Hs on Feb.13&15) It broke the Jan.,Dec,Nov. and Oct. Ls and could find support at last June & July Hs at the 25 level.

EBAY: The recent last rally was cut at 53 on Feb.15, forming a double top with the Jan31 H and it was short of the previous Jan.24-25 double top at the 55 level.It seems to have support at the 36 to 38 level.Of course it still has a PE of 259 and CSFB cut their estimate for the year from $0.39 to $0.35 so the projected PE will remain quite e high. <g>

RAGL

Bernard



To: Bucky Katt who wrote (8002)2/23/2001 4:19:03 PM
From: xcr600  Read Replies (1) | Respond to of 13094
 
Sounds like someone was caught long. How much credence do you put in this? Sure sparked a nice short covering rally. I went flat eod though.. I don't trust any of these clowns.

14:52 ET Breaking News : Bear Stearns chief economist and former Fed Governor Wayne Angell telling his sales force that there is a 60% chance that the Fed cuts rates next week. (CNBC)