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 : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: TWICK who wrote (21089)	7/23/2002 11:48:27 AM
From: Connor26	Read Replies (1) \| Respond to of 26752

11:40 ET Floor talk that HPQ is ending printer relationship with DELL : News is providing a boost to printer maker Lexmark (LXK 47.86 +2.79). 11:32 ET Genesis Microchip tests resistance (GNSS) 8.24 +0.55: -- Technical -- Stock runs sharply higher in early trade amid modest volume but thus far has been stymied by resistance at its 20 day ema at 8.39 which contained the rally last week. A sustained break of the average and the July high (8.68) bolsters the short term positive case with initial resistance at 8.84 followed by 9.20 and 9.50 (bottom of June 14 gap). First level support is at 8.10/8 with follow through beyond 7.85 damaging the near term favorable scenario. 11:27 ET Cable stocks : Cable stocks are taking it on the chin this morning (CHTR -19.3%, CVC -11.4%, ICCI -9.4%, MCCC -6.9%, COX -4.7%, CMCSK -2.9%), due we're told to a number of factors: 1) before the open, First Albany cut their price targets for COX (to $38 from $48), CHRT ($8 from $18), and MCCC ($14 from $22) based on more conservative assumptions for long-term penetration rates for advanced services; 2) both TXN and ALTR gave the impression that set-top boxes were weak; and 3) Salomon Smith Barney said that the weakness could be attributed to EBITDA concerns as well as the fact that the group had held up relatively well and may be finally selling off along with the broader mkt. Finally, CHTR is having their analyst day today amidst concerns that subscriber growth may decline.