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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Rich1 who wrote (1801)10/26/2001 3:51:11 PM
From: steve  Read Replies (1) | Respond to of 99280
 
MSCC is a great short.
I think the double top is more significant than higher lows.
This is the concluding bearish comment from Barron's when the stock was at 35:

"But let's grant Microsemi heady growth in defense orders -- even very heady
growth. One can't help but wonder whether the present multiple on the stock --
something like 58 times trailing 12-month earnings and over 40 times the bulls'
estimates for the year ending September 2002 -- doesn't discount everything but
World War III. And maybe even that."



To: Rich1 who wrote (1801)10/26/2001 3:56:54 PM
From: Jdaasoc  Read Replies (3) | Respond to of 99280
 
Well I think we go higher till the 5th of November..

They are trying hard for DOW 9605 where it closed on 9/10. S&P 1105 also is an important level.

It's either up and over or back down again.

I leaning decidedly to up and over after a few tries early next week.

john


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