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

To: Johnny Canuck who wrote (34273)	9/19/2001 1:21:36 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 68098

Genesis Micro (GNSS) 19.70 -6.62: What me worry? GNSS bulls must be thinking the traders that violently sold the stock during the regular session are MAD. It was no coincidence that this chip maker issued its upside pre-announcement on a day when it stock sank 25%. The stock is up $4.80 vs the 4pm close....Management guided SepQ sales higher to $30 mln, which represents a 40% sequential increase in sales. That's right -- a chip maker looks to post a 40% sequential increase. Granted it helps that it is working of a low base, but it's still impressive in this environment. The company is in the one market that seems impervious to the thrashing other markets have taken. GNSS makes chips for use in flat panel monitors. DisplaySearch estimates that the market for flat panel monitors will increase from 6.3 mln units in 2000 to 46.2 mln units in 2005, a compound annual growth rate of 49%. We have learned from the tech bubble to take overly optimistic projections with a grain of salt, but we have heard good things about this market form multiple sources. Genesis says its new target is based on strong product shipments over the first nine weeks of the quarter, which the company attributes to significant design wins in previous quarters...Competitor Pixelworks (PXLW 10.04 -0.94) is trading +0.68 vs 4pm close. We highlighted this stock in a Trader's Edge in May, and the stock has gone south. Frankly, we're puzzled about the sell off although we did caution the valuation was high. There had been some talk that PXLW was losing share to GNSS, but we cannot confirm that. There has been a good bit of insider selling in PXLW over the last 3 months which sours our view on the stock. -- Robert J. Reid, Briefing.com