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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Kelvin Taylor who wrote (8686)	4/26/2001 9:10:15 AM
From: Paul A	Read Replies (1) \| Respond to of 19633

CCMP will put up a good fight but I think in the end, it only goes lower. Its time for me to establish a second go around.. This time max pain is well into the 80s, but wouldnt be surprised by anything this can do..

To: Kelvin Taylor who wrote (8686)	4/26/2001 9:12:17 AM
From: Tom Hua	Read Replies (1) \| Respond to of 19633

Kelvin, I think analysts will downgrade CCMP after the CC at 12 pm today. Rewind to March 12 when they first warned of lowered Q2 but maintained >50% growth for FY 01 and 16-18% net margin, the 3 underwriters reduced 2001 EPS to $1.90 (0.17*270 MM/24 MM shares)set their targets as follows: 1. Goldman Sachs analyst Kimberly Ritrievi thinks stock could trade between 40 and 47 1/2, at 25 times earnings. Well, stock traded below 40 for a couple of days. 2. Merill Lynch's John Roberts sets 12-month target of $56. 3. Robertson Stephens is more "aggressive", analyst Sue Billat thinks 31 times EPS (about $60) is attractive for the long term (in other words, stay the hell away). It'll be interesting to hear their revised opinions tomorrow. Regards, Tom