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


To: donald sew who wrote (12090)7/19/2001 7:08:23 AM
From: Paul Shread  Read Replies (1) | Respond to of 52237
 
USD finally broke yesterday:

stockcharts.com[w,a]daclyymy[pb50!b200][vc60][iLl14!La12,26,9!Le12,26,9]



To: donald sew who wrote (12090)7/19/2001 8:31:00 AM
From: Arik T.G.  Respond to of 52237
 
On the technical side, there's the big MSFT megaphone.
On the fun-da-mental side there is another issue:
While the semis already had their share of bad news. One can argue that not all the bad news are priced into the stocks (because there's some wishful thinking priced into them as well) but the general forecasts by the companies themselves is bad enough to say that the bad news is out in the open.
Same thing for the telecom equipment sector (LU, NT, CSCO, JNPR, QCOM and many more). After so many warnings and downgrading forecasts it looks like the worst is known.
The software sector, OTOH, has not suffered that much bad news. That's why Veritas surprised the Naz (to the down side) the other day. So the sw sector has a lot of downside left should there be any lowering of guidances. So far it performs - SAP said this morning they expect 2001 revs to be 20% higher then 2000.

ATG