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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (32378)	5/21/2001 1:33:25 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70208

Suresh, I have a sell signal on the COMPX now. I don't think we get more than a brief pullback though. There is strong support at 2230 now that we are through that level. It took a lot to get through and was tested as a resistance level many times. I think a lot of traders might see it as a good entry level if they have missed the current run. The technical are now saying we are going higher. The fundamentals have just not caught up with the technicals right now. I think the market should have an upward bias till the economic numbers come out early next month. You might see individual disaster though. It looks like JNPR might be hinting at a pre-announcement.

To: Suresh who wrote (32378)	5/21/2001 1:58:32 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 70208

Someone agree with you on PALM: 07:23 ET Palm Inc (PALM) 5.05: UBS Warburg upgrades to STRONG BUY from Hold; believes that at roughly 1x FY02 revenues net of cash, PALM offers a very appealing and defensive valuation for a company with great growth prospects and a strong intellectual property position; also believes that there is a potentially long list of well capitalized strategic buyers should management fail to execute... Firm's new present fair value of $11 is based on PEG of 1x CY03 revenues of $4.5 bln.