Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: techanalyst1 who wrote (10775)	3/8/2002 10:28:24 AM
From: Wizard	Read Replies (6) \| Respond to of 57684

Well, as long as we are talking charts, looks like a nice head and shoulders bottom forming on NASDAQ. The 60% retracement of Q4's advance is out of the way and Q1 seasonality is discounted. Meanwhile, the economy is improving and inventories are very low. The story is coming together nicely as we approach the 2-year anniversary of the NASDAQ collapse (3/10/00). Tech stocks are undervalued if we aren't going to double-dip. The NASDAQ is the same place it was a year ago and we have a year of healing behind us. CY2002 earnings estimates are too low. Margins should expand ahead of expectations and top-line growth will be back above trendline in 2H02 as comparisons will be against recessionary conditions. I hope we don't go into huge run-up but a nice advance seems to be in the cards here...