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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: WhatsUpWithThat who wrote (37034)11/6/2001 3:23:45 PM
From: StormRider  Respond to of 37746
 
Day Trader :

The Nasdaq Composite has run hard the past five weeks. Aggressive advance has carried the Index back to its
October highs -- setting up several high-profile names for possible upside breakouts. Sectors demonstrating the
most impressive momentum are Storage and Comm ICs. Although impressive run off September lows has
catapulted many of the individual names more than 100% and left them in an overextended posture, increasingly
positive market tone could be enough to sway many momentum players into playing the breakout instead of
shorting the top of the range. In the attached table we identify the levels that traders will be focusing on in key
names. Ability of stocks to clear these resistance zones should trigger heavy momentum buying. Cleaning up of
positions by short-sellers could also assist in the effort.

--Damon Southward, Briefing.com

Company Price % Rebound from Sept Low Key to Breakout
Emulex (EMLX) $26.42 212% $27.54
PMC-Sierra (PMCS) $18.50 93% $19.14
Applied Micro Circuits (AMCC) $13.00 115% $13.90
Vitesse Semi (VTSS) $10.65 60% $11.28
NVIDIA (NVDA) $48.61 104% $50.44



To: WhatsUpWithThat who wrote (37034)11/6/2001 4:06:26 PM
From: Schtoink!  Read Replies (2) | Respond to of 37746
 
CERT/ENTU only a thought if there was to be this announcement for the $1B government spending on electronic security.

Think the whole sector can get a boost. CERT is mostly wireless security and their last model for billing killed their revenues... think there is an easy 100% though since she is so beaten down.

The real play for the NSA spending is on the CDN side for KCA.to (Kasten Chase)... they are one of the ONLY companies approved by the NSA for RASPsecure stuff... they will be a winner as well and that stock is still moving lateral.

Anyhow... see what happens with ENTU... maybe something out of CERT.

SchtoinK!