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

To: bobby beara who wrote (2962)	3/15/2001 10:34:11 AM
From: Paul Shread	Read Replies (2) \| Respond to of 52237

Sold a third of my MO position on the break of 48 today. Still can't believe it doesn't look better than the rest of the market, a PE of 13 and a PEG of 1, it's finally back to fair value. 46 is my next support. Am also debating paring some UTX, AA, IP and GM, but rate cuts could goose those in the short term. Two positives today: SPX above 1171, and JNPR may be breaking out. Otherwise, nothing looking too good to me today. I like JNPR and CIEN's strong business, but their valuations have so far kept me from doing more than dabbling. Got potential three-month falling wedges in the COMPX and NDX, but a potential beara -g- flag in the NDX. However, the potential exhaustion gaps raise the possibility that the bear flag may not carry a lot of oomph, so I'm watching about 1900 COMPX to the downside (the NDX flag has a 350-point pole, so it's potentially nasty). You want overpriced "safe" stocks, go pick on KO and PG. Leave my MO alone. -g-