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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ken W who wrote (23990)2/28/2001 8:00:52 PM
From: Sergio H  Read Replies (1) | Respond to of 29382
 
DD's relative sounds like she would fit in with my relatives. I've got one that can free your house of invisilbe martians and/or other alien beings in case anyone is interested.

MERX, ESST, SUNW (ouch)etc... stand by for Naz rally coming up. It will be a quick event similar to the Dow's exaggerated run on Monday. Naz is oversold. If it doesn't bounce soon it will be declared dead. In the event Naz dies, Bush's refund plan will be scrapped.

How about the Japanese rate cut? From almost 0% to even closer to 0%.

HRB......YEEHAW!!!!

Did we have a bet on PCOM filling the gap? Should happen tomorrow.

RDRT latest:

<Hoefer & Arnett Issues a 4th Quarter Research Update on Read-Rite
Corporation (RDRT) Increasing Estimates

SAN FRANCISCO, Feb 28, 2001 /PRNewswire via COMTEX/ -- Today, Hoefer and Arnett
technology analyst, Mark Miller, issued a fourth quarter research update report
for Read- Rite Corporation (Nasdaq: RDRT). The report reviews the company's
performance in the December quarter and discusses the current situation in the
disk drive industry. Read-Rite has recently transitioned to pico slider
technology, which significantly increases the number of heads per wafer thereby
lowering costs. This successful transition coupled with Read-Rite's leading GMR
head technology has prompted us to increase our 01 earnings estimates. We have
increased our earnings estimates for the March quarter from $0.12 to $0.16 per
diluted share. For the year, we have raised our estimates from $0.51 to $0.66
per diluted share.>



To: Ken W who wrote (23990)2/28/2001 8:26:47 PM
From: in_cog_nito  Respond to of 29382
 
Ken: < RDRT,PCOM > Today IQC Zone went RED for the first time since Jan 8th.

I have a good deal of respect for the IQ Chart's IQC Zone as I have seen it pick Up and Down trends with good accuracy.

Could stay red just one day, a week, but most of the time when it changes color (Red/Green) it will stick with it for a several weeks or more.
Was Green for almost 2 months after being RED for almost 3 months before that.
Back to RED.

There were 3 or 4 times in the last 2 weeks that I had expected the Zone to change from Green to Red but did not.
Today must have been the straw that broke the camels back.

Many people run scans with IQ Chart. Anyone running Short Sell scans will see RDRT has turned RED.
Red is Dead. : ))

I am talking the paid IQ Chart service, not the free service.

I might BUY LONG PCOM now that the Gap is about filled and might add to my Short Sell of RDRT.

I am sure you saw the H&A report on RDRT. Hardly moved the stock and whatever it did get out of it, sold off quickly.

What’s your update on RDRT and PCOM?

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