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

To: j g cordes who wrote (38887)	2/14/2003 12:12:02 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 71338

Jim: I think your smart to only trade intraday. Holding overnight can be dangerous. Odds highly in favor of a break down versus out in this market. IMO the grind won't be over for a while. Even finding a compelling value is not wise if one goes with perserving capital 1st and making money second. An example is AET. Should earn $3.3 this year (unless medical costs jump over what they've factored in and since they lock these in with contracts they shouldn't. So TA indicates it goes to next support around $35. So $35 or 10.6X current year pe seems reassonable but in bear markets exceptional values always present themselves. so next support is maybe 32 to 29 area. even if one doesn't see this level its safer to buy on a break out. anyway, now back to cash. said goodbye to rmbs to see if i can reposition under $12.