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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (71597)	3/9/2001 7:44:06 PM
From: Rob S.	Read Replies (1) \| Respond to of 99985

Several years ago I was investigating Compaq at a time when it had gotten slammed by product transitions an a soft market. I knew they had come out with new lines of products but the street perception remained bearish on the PC industry and Compaq's chances for revival. So I called one of Compaq’s shipping and receiving departments and was told that products were shipping very fast and returns were low. I bought CPQ and a few weeks latter the company announced better than expected results. I have also contacted electronic parts distributors. Since I worked in sales for an IC company I was familiar with disties like Arrow. I chatted with the PMs (product managers) at the disties I suppose you could do the same sort of thing now with the Cisco’s and NTs. I get enough through the ccs and sniffing the wind to tell things are still rotten. The other way to judge is by studying the charts. "It's all in the charts" - so who cares what inventories are if the stock charts look like shit? In this climate I am poised to buy stock or short stocks: buy if they sharply drop down to support levels and bounce or bounce off of bases. Sell if they move up to resistance levels. Trend or long term trading in tech stocks is still dangerous. Other sectors of the economy are doing ok and are much less a dotted with land mines.