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Strategies & Market Trends : Don't Drink the Kool-Aid Kids -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (112)	3/13/2001 11:27:39 AM
From: Stoctrash	Read Replies (1) \| Respond to of 1063

duds and dudets...IBM?? Does it look like hell or what? Could easily test 85, IMO...heck it's 10points. I sold my last batch of QQQ's yesterday...took the loss, just long a few stocks and looking for PIGS to trade South into the FED bounce next week.

To: Jorj X Mckie who wrote (112)	3/13/2001 3:00:44 PM
From: John Pitera	Respond to of 1063

the trailing PE's are 49 for ABI and 44 for WAT, but the charts do not look good, at the moment. there have been hundreds of daily bar charts that have shown stocks sitting on horizontal support. a price point that people have repeatedly come in and bought as it seems cheap. when the buying ends and the selling is still there then the big swoosh comes. Fred knows about this with BRCM as an example. JBL looks like it's on that eroding price point now. WAT's daily chart looks like that before the big decline yesterday.