Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Clint E. who wrote (32757)	6/13/2001 1:52:37 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68639

Clint, At this point I am not sure which direction is easier. I think we are still trapped in a range. It looks like some analysts are calling for a head and shoulders formation on the COMPX. wallstreetmonitor.com It looks about right to me as the volume is accelerating on the formation of the last leg of the right shoulder. The downside target would then be equal to the height of the head which would be 200 points (about 10 percent correction). It would be good to have Jim or Thomas to confirm as I don't use patterns that much.

To: Clint E. who wrote (32757)	6/13/2001 3:35:16 AM
From: Johnny Canuck	Respond to of 68639

Except for EMC, RNWK tomorrow and perhaps CFLO and INTC Thursday. I don't see any company that will move the market in a big way. Bear Stearns Technology Conference Grand Hyatt: NY Tuesday, June 12, 2001 Time Room 1 Room 2 Room 3 Room 4 Room 5 Room 6 08:00 ET PALM 09:00 ET CA MUSE AVX TUNE JMXI * 09:30 ET --- CHKP DOX PRGN INSP ALSC 10:00 ET * AMCC CHRT ENTU ZIGO SBL 10:30 ET * CY --- FFIV --- ILUM 11:00 ET DELL ISSX FLEX LSCC CAMZ NTOP 11:30 ET STOR VSEA NTIQ BSQR PVTL --- 12:15 ET Venture Cap Luncheon Panel 13:45 ET SNWL --- TQNT AEIS DST MPWR 14:15 ET Internet Security Panel AKAM IMMR UTEK GPN --- 14:45 ET --- ALTR --- BHE TVLY CTSH 15:20 ET ERICY ADI SRM TMWD EXLT MPS 16:15 ET SUNW * Company not publicly traded in the US. Wednesday, June 13, 2001 Time Room 1 Room 2 Room 3 Room 4 Room 5 Room 6 Room 7 09:00 ET EMC 10:00 ET NTAP VRSN SCI SMTL CVG FDC KELYA 10:30 ET Storage Panel * RNWK QLGC PEGS EDS EFX 11:00 ET --- KLAC INKT PKTR ACS PRDS --- 11:30 ET IBM BVSN ADIC DRIV EFX UIS INFY 12:15 ET Buyside Luncheon Panel --- 13:45 ET NSM HIT TECD --- --- TSG TMPW 14:15 ET Internet 3.0 Panel VRTS TER CMNT --- BSYS --- 14:45 ET --- HWP INRG ICST DTAS CSGS KFY 15:20 ET MU --- SBLU --- --- PER --- 15:50 ET MOT JBL ITXI INAP CEN --- SFN 16:15 ET TXN * Company not publicly traded in the US. Thursday, June 14, 2001 Time Room 1 Room 2 Room 3 Room 4 Room 5 Room 6 Room 7 09:00 ET BSC 10:00 ET INTC BMCS TRLY --- CMOS --- --- 10:30 ET Semi Panel CLS DCLK TIBX PRIA --- --- 11:00 ET --- AMKR WEBM FMKT CTS --- --- 11:30 ET MSCC VECO --- ENGA JNIC --- --- 12:15 ET MANU --- --- 13:45 ET SCSC --- CFLO CLRS MTSN --- --- 14:15 ET Software Panel SANM GSOL --- RTEC --- --- 14:45 ET --- --- --- WMUX DPMI --- --- 15:20 ET VSH --- --- BRZE --- --- --- 15:50 ET --- --- --- STXN --- --- ---

To: Clint E. who wrote (32757)	6/13/2001 3:38:01 AM
From: Johnny Canuck	Respond to of 68639

Updated: 13-Jun-01 General Commentary Not all warnings are created equal... We saw that last week when the sector shrugged off warnings from Broadcom (BRCM) and Hewlett-Packard (HWP), only to get whacked for nearly two days by a warning from Juniper (JNPR)... Nokia's warning Tuesday morning fell somewhere in between... While many people hadn't expected company to lower guidance, there was plenty of anecdotal evidence to suggest continued weakness in the wireless market... Company had also warned last quarter, so it wasn't something totally foreign... Consequently, the market reaction was about what we expected... Stocks sold-off early in sympathy with NOK, but staged a late day recovery rally as bulls took advantage of a notable pullback (over past few days) to do some buying. Action yesterday reinforced Briefing.com view that next few weeks will be filled with the occasional warnings-related air pocket, but that the underlying bias remains bullish... Though warnings - especially from industry leaders such as Juniper and Nokia - are disturbing, traders realize that low inflation/rates, an accommodating Fed, easier monetary policy, softer earnings comparisons (beginning in Q4) and plenty of sidelined cash, make a solid case for higher equity prices 6-, 9- and 12-months out. Would it be easier to buy with full knowledge that the economic/earnings turnaround was in place? Sure... Unfortunately, by the time the marketplace reaches that conclusion, history tells us that most of the up move will be over... In other words, the market rewards risk takers... Not careless, but calculated risk takers... And given the aforementioned positives, Briefing.com maintains that now is a good time to be taking a calculated risk in the tech sector. As noted here yesterday, not all groups will bounce back at once, as some areas remain more depressed than others... Telecom equipment in particular... However, don't let the sector's current woes keep you from doing some phased in buying of tomorrow's winners... Some of the names to watch include, Ciena (CIEN), Brocade (BRCD), Broadcom (BRCM), Nokia (NOK), Intel (INTC), Nextel (NXTL), Corning (GLW), Extreme Networks (EXTR), Sun Microsystems (SUNW), BEA Systems (BEAS), Dell (DELL), Oracle (ORCL), PMC-Sierra (PMCS), Siebel Systems (SEBL), AOL Time Warner (AOL) and Juniper (JNPR). ***************** BEAS showed on a scan of companies that increased earningg guidance on smartmoney.com .

To: Clint E. who wrote (32757)	6/13/2001 3:38:48 AM
From: Johnny Canuck	Read Replies (2) \| Respond to of 68639

EMC Corp (EMC) 31.74 -0.17: Morgan Stanley says that EMC's Q2 is tracking slowly, says the weak economy plus the fact that EMC pushed hard in Q1 continue to be issues, and checks show that pricing is still fierce; firm trims Q2 estimate by a penny to $0.17; also cuts gross margin estimates slightly for 2001-03... Heard from sources that Goldman Sachs analyst Laura Conigliaro is concerned that company could issue cautious comments when it presents tomorrow at the Bear Stearns Technology Conference... Analyst maintaining estimates and rating (EMC is scheduled to give the keynote address tomorrow at the Bear Stearns conference from 9-9:45 ET).