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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Softechie who wrote (19321)4/30/2001 12:50:31 PM
From: GREENLAW4-7  Respond to of 37746
 
Sold MYGN, ABI, and MCDT into strength. Picked up HAL and SLB in the OSX for tomorrows API which shoud show a nice draw down in inventories!!



To: Softechie who wrote (19321)4/30/2001 12:53:06 PM
From: Ron Dior  Read Replies (1) | Respond to of 37746
 
"Once they're running out buyers they will take it down hard."

Soft I could be wrong but my trade data suggests that most of the buying right now is short covering. Most of the selling is short selling. Real buyers are at a minimum and many are holding at these levels. I think if you can spook the ones holding this stock that it will fall hard. For that you would have to take it under $47 ish. The Nas would have to turn down sharply for this to happen. JMHO

Ron Dior



To: Softechie who wrote (19321)4/30/2001 1:18:51 PM
From: Dave Gore  Respond to of 37746
 
ADC Telecom (ADCT) 7.64 +0.68: Dain Rauscher Wessels reiterates BUY AGGRESSIVE rating and price target of $15; firm had an opportunity to discuss ADCT's strategy with the new CEO and came away impressed; company will focus its resources on segments that generate cash or promise outstanding growth; firm believes that this means the wireless division will be sold or shut down and would view this as a positive development.