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

To: Johnny Canuck who wrote (38881)	2/10/2003 8:41:20 AM
From: Logain Ablar	Respond to of 71284

Thanks Harry: I'm quite careful since over all I still expect the markets to correct 15 to 30% between now and mid summer. AET is a special situation and while its been a terrible stock to hold l/t this is one of the times in its cycle it may buck the trend (the insurance industry on whole is seeing good rate increases and AET has already taken its lumps for prior years under pricing). I'm anticipating a bounce towards $45 and if it can break that resistance $50 but in this market I'm out before $45 unless there is good volume with analyst up. The risk with AET is it has a storried past of having negative surprises in its earnings so one must be careful.