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


To: Terry Whitman who wrote (21974)10/18/2001 10:51:38 AM
From: TechTrader42  Read Replies (2) | Respond to of 52237
 
It is falling with ARMHY (the 200 SMA, that is). And ARMHY's price is falling, as least for now.

But if its P/E falls below 90, I'm sure it's probably a buy in this market. The new economy, ya know. (I think the crash in tech stocks was caused solely by market manipulation by evil shorters, not by valuations, which were perfectly reasonable.)



To: Terry Whitman who wrote (21974)10/18/2001 11:01:41 AM
From: TechTrader42  Respond to of 52237
 
I think you'll find that what I actually said yesterday was that ARMHY would be at 13.45 at 10:58 a.m. today, based on the fact that the 200 SMA was falling.

If you look back at my note, I also said that it would fall to 13:40 by 11 a.m. today. I added some subtle hints that the ask would be at 13:43. Oh, and I made it very clear that I had shorted 100,000 shares at 14.

And when I said that the semis looked good right before they crashed, what I actually meant -- and it was clear to anyone who read my note carefully -- was that they looked good for shorting now, and buying at the next retest of the lows.