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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Suresh who wrote (37413)6/25/2002 12:10:12 PM
From: mattie  Respond to of 69867
 
Suresh - I tried to buy call options right after I posted this. The Comp was at 1415 at the time.

I have not traded for so long, my internet broker would not let me buy options!!

I would not buy now - but at 1415 it looked way oversold. If they break the downtrend line I would get more interested - instead I wait for the market to be deeply oversold to buy.



To: Suresh who wrote (37413)7/16/2002 11:35:55 AM
From: Johnny Canuck  Read Replies (2) | Respond to of 69867
 
Suresh,

Watch yourself on GNSS. PHTN missed their number. I have not heard the call, but a lot of LCD monitor manufacturing capacity was supposed to come on line in December. Either they are done building early or companies are re-thinking demand in light of weakness in PC demand. If you hear the call please post your thoughts.

Let's see if we get confirmation by PXLW works after the close today.

The concern has always been that the industry has not gotten to the sweet soft in price that will attract consumer buying yet. This situation looks to persist a little longer.

On another note, RFMD has has a remarkable recovery since we talked about in the sub- $7 level.

*************************


10:04 ET PHTN Photon Dynamics releases early; misses Q3 and guides Q4 below consensus (26.63 -1.39) -- Update --
Co reports on their website Q3 EPS of $0.01, $0.04 worse than the Multex consensus; revs were $19.3 mln, vs consensus of $21.2 mln; co expects Q4 EPS of $0.01-$0.05 and revs up 10-15% from Q3 (about $21.2-$22.2 mln), vs consensus of $0.16 and $24.4 mln. (Co was originally scheduled to report today after the close.)


09:34 ET PHTN Photon Dynamics seen as a buy ahead of earnings (27.40 -0.62)
In pre-market note, CIBC World Mkts says buy ahead of tonight's earnings report. Firm expects guidance to be for more revenue and bookings expansion in Q4. Near term price target $36.