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

To: Rich1 who wrote (30963)2/19/2002 1:50:42 PM
From: TREND1  Read Replies (1) | Respond to of 99280
 
Que ???
A higher high on the 5 minute chart and the "probability
distribution function" of the shorts will cause a mini
panic. IMHO.
Hard to say when it will happen.
But EMLX has moved from 44 to 36 too fast.
I will know when it happens because my computer will
start "beeping" as the different stocks start to get
short covering.
Larry Dudash
PS: No beeps right now(g)



To: Rich1 who wrote (30963)2/19/2002 3:06:19 PM
From: Israel  Respond to of 99280
 
Agreed.. the bubble crowd has little to hold onto with EMLX IMO. The argument was that with 5-8% Q over Q growth, current multiples were justifiable, given a 35% y over y increase in revenues. Now with them saying the current quarter is 'linear', ie NO GROWTH.. This turd is done.. a $25 price at best within the next quarter.. Mid to high teens possible if markets break down.

Israel


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