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: j g cordes who wrote (33646)	8/18/2001 4:49:06 PM
From: j g cordes	Read Replies (2) \| Respond to of 68494

Barron's is being Bear on banks and oil this weekend.. "The exposure of big banks to risks from private equity placement drew attention in Barron's. Billions of dollars in write-downs are already on the books, says Barron's, and the market is illiquid when general partners of companies have a say on stake sales. Caution was suggested on shares of J.P. Morgan Chase (JPM: news, chart, profile), Wells Fargo (WFC: news, chart, profile), Bank of America (BAC: news, chart, profile), Deutsche Bank (DE: 804010: news, chart, profile), Mellon Financial (MEL: news, chart, profile), FleetBoston (FBF: news, chart, profile) and UBS (UBS: news, chart, profile)." On oil "Stocks in the oil sector could take a drilling after a Barron's article laid out a case for lower crude prices and risks from a lingering economic slowdown. Money manager Chet Needelman of Palley-Needelman said he cut stakes in ExxonMobil (XOM: news, chart, profile), British Petroleum (BP: news, chart, profile) and Total Fina (TOT: news, chart, profile); economist Francois Trahan of Brown Brothers Harriman said he recommends against Philips Petroleum (P: news, chart, profile) but likes Sunoco's (SUN: news, chart, profile) positioning in the sector. Bear Stearns analyst Fred Leuffer suggested that refined products could be a big drag on earnings if prices tank. But Leuffer likes Royal Dutch (RD: news, chart, profile), Marathon (MRO: news, chart, profile) and Amerada Hess (AHC: news, chart, profile). The article also noted ratings downgrades on Chevron (CHV: news, chart, profile) and quote First Call's Chuck Hill as saying the outlook for oil earnings is down 26 percent from year-ago levels. "

To: j g cordes who wrote (33646)	8/18/2001 8:04:12 PM
From: Return to Sender	Respond to of 68494

I am swing trading semiconductor stocks for the most part Jim. As Mattie pointed out recently with the NASDAQ even large indexes have a habit of bouncing back higher off a penetration of the lower Bollinger Band. If this recent sell off proves to be irresistable to buyers once we hit the lower Bollinger Band (Approx 530) on the SOX could move right back up towards 650. We will see gains of 30% on average for many of the stocks in the group before they get too pricy. I am also trading stocks in groups that could see momentum. Recently my trade on STEM would be a good example. Other stocks that I am following for potential momentum would be in the electronic gaming sector due to the upcoming release of the Xbox. RtS