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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (6133)	10/13/2002 12:51:58 PM
From: Return to Sender	Respond to of 95487

On a fundamental basis I think that with the number of new viruses being unleased that SYMC has an excellent chance to beat earnings estimates when it reports October 16 after the close. That being said your chart suggests that the stock is trading at or near the recent highs for the stock: stockwerld.com Going long SYMC here is a bit more of a crap shoot than I would like to play. In fact if I was not reasonably certain that the market has a couple more weeks of upside ahead of it I would suggest shorting SYMC above 35 for a fall back to 30 or so. stockcharts.com[h,a]daclyyay[pb50,200!d20,2!c20!c10][vc60][iUb14!Uk14!La12,26,9]&pref=G From Briefing.com: Oct 11 2002 11:38 AM In Play Symantec edges towards two-month high (SYMC) 34.47 +1.17: -- Technical -- Stock edges towards two-month high. From current levels, watch for modest initial resistance at 34.50 followed by more significant overhead in the area of 34.80. To the downside, watch for initial support at 34.25. Sep 26 2002 8:51 AM In Play JP Morgan raises estimates on Symantec, cuts ests for Network Assoc : JP Morgan raises SYMC's Sept qtr rev/EPS ests based on the expectation that the consumer biz is set to deliver another strong qtr and the belief that SYMC is gaining share in SME security mkt; also, firm cuts NET's Sept rev est below mgmt guidance based on antivirus rev concerns and a weak Europe; recommends lightening up on NET heading into the qtr. You may want to raise your accumulation target to 29, or so, if you want to get in SYMC at a reasonably safe entry because 28 may be too low up until we get another market shock like the potential invasion of Iraq. RtS