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

To: Bill Cotter who wrote (40051)	8/14/2003 2:04:25 PM
From: Lachesis Atropos	Respond to of 69262

Bill, if it is any help I am currently flat -- no-shorts, no-longs -- just enjoying the scenery. The markets dips and peaks are rolling hills -- too shallow for my liking. Lawrence

To: Bill Cotter who wrote (40051)	8/14/2003 3:43:03 PM
From: Johnny Canuck	Respond to of 69262

Hi Bill, Same status as Lawrence. Not really much of a point going to heavy long or short at this point. The really fun starts after the Labour Day weekend. Till then it is all pretty much noise. If you can day trade you probably want to be playing the intra-day patterns nothing more. September is a make or break month of the market. We should start to see the pre-announcements of earnings warnings. It really all depends on the tone of those announcements. As it stands now, despite signs the economy has stablized we can see crack in consumer sentiment. WMT, Costco and Target all announced weaker than expected results. When discounters can't sell then the economy is in real trouble. The RFMD presentation that is starting now should give some insight into the demand side of the equation. If the indication are for some handset sales, it would indicate some manufacturers expect a strong Christmans season. On the other hand if the guidance is down then it would confirm the ZRAN guidance of weak anticipated consumer demand. This is a really critical quarter for a lot of companys and even G.W. Bush.

To: Bill Cotter who wrote (40051)	8/15/2003 3:38:43 AM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69262

TradingMarkets.com My Strict Criteria For Buying Uncertain Markets Thursday August 14, 6:15 pm ET By Tim Truebenbach Frustrated with the current market? Having trouble making the kind of money you believe you should be making? Maybe it is time to go back to the beginning. Most investors, including myself, evolve through the market in similar fashion. We lose some money by not really knowing or understanding what we are doing, then we eventually stumble across a strategy that we like and adopt as our own. As we practice using that investment strategy over the years, we learn from past mistakes and change bits and pieces to work more efficiently. Changes over the course of one's investment career are one of the key traits to successful investing, but we have to be careful not to change key elements of our core strategy. This is the reason I always go back to the beginning and re-read the original books and manuals that allowed me to adopt the investment strategy I practice today. Recently, stocks have been setting up, then breaking out (sometimes on heavy volume), and then failing. It has been more than tempting to start jumping into a position a bit before the breakout, then selling half or all through the initial move. I first considered this as I bought Krispy Kreme (NYSE:KKD - News) in mid-October and watched the stock move strongly through its pivot point, only to reverse and knock me out. I watched Taro Pharmaceuticals (NYSE:TARO - News) blast through its pivot point of 45.70 on very heavy volume. The next day, the stock sold off hard. At this point, I realized that any stock within 15% of its breakout was eventually getting there. The only problem was this: They were failing 90% of the time. This statistic would not allow profitable trades unless I changed something. Just as I was gaining the conviction through my analysis about moving into these stocks ahead of the correct buy point to capture profits on a short-term trade of a stock that would most likely fail to make a larger move, I found myself reading two books: 'How I Made $200,000 In the Stock Market, by Nicholas Darvas and "How To Make Money In Stocks," by William J. O'Neil. These two books and a couple others are the ones I first read to put me on track to pulling money out of the market and limiting what I put back…they were my beginning. As I read the books, I realized two things: 1) why I decided on the investment philosophy I now follow and 2) I cannot change how I buy into stocks, even for short-term trading profits, because I do not wish to interrupt the larger picture and my quest for larger profits when they become available. Going back to the beginning, for me, was important because I want to stay the course and not allow short-term anomalies in the market affect me. In this specific environment, the alternative to buying these stocks early is simple: patience. I watched several more stocks prove that it was not quite time to buy stocks I had chosen. Epiq (NYSE:EPIQ - News) struggled following its breakout through (split-adjusted) 22.06. Resmed (NYSE:RMD - News) moved through its buy point on heavy volume only to post an immediate distribution day and eventually trade below the $60 buy-point. One of the main reasons I chose to follow the strategy I practice is to produce returns that I expect without taking on risk that I cannot accept. I have to always check myself against the basics to make sure I do not change too much along the way. Little things may change, like how much of one's account goes into a stock, but the core traits must be left alone in order to achieve the larger picture. So, I sit back and wait, and if this is the beginning of a bull market (on average, they last for several years) there will be plenty of opportunities over the next few weeks or months in which to make the money I got into this game for. Opportunities such as PEC Solutions (NYSE:PECS - News) will be more common. Good Luck!

To: Bill Cotter who wrote (40051)	8/29/2003 3:00:10 AM
From: Johnny Canuck	Respond to of 69262

Intel cuts off wireless networking gear By Richard Shim Staff Writer, CNET News.com August 28, 2003, 3:59 PM PT Chipmaker Intel has discontinued sales of its branded wireless networking products to focus on its Centrino technology. The Santa Clara, Calif.-based company quietly stopped selling its Intel Pro/Wireless 2011, 2011B, 2000/5000 and Xircom Wireless branded products in February 2003, according to the company's Web site. "We transitioned from our branded products to providing building blocks for other products," Dan Francisco, an Intel spokesman, said Thursday. The chipmaker in March introduced Centrino, which is a bundle of chips that consists of Intel's Pentium M chip, chipset and wireless module. All the major PC makers, including Dell, Hewlett-Packard, Toshiba and IBM, use Centrino technology in some of their notebooks. Intel kicked off a $300 million marketing campaign earlier this year to promote Centrino and wireless networking. The company has also helped PC makers develop wireless networking products by creating reference designs for the gear such as the Intel Media Adapter. However, Intel's enthusiasm about wireless networking may have been too much, too soon, according to Intel President Paul Otellini. Wireless networking technology "Wi-Fi is in danger of being overhyped, and to some degree we may be guilty of that by spending hundreds of millions of dollars on our Centrino advertising campaign," he said earlier this week at the Telecosm Conference in Squaw Valley, Calif. Otellini added that the popularity of Wi-Fi has led to tremendous pricing pressure for chips, but that's the nature of the business. "That's life," he said. "Welcome to the semiconductor business." [Harry: I talk to someone in the chip business earlier this week. He said despite the chip slump Bluetooth and WiFi chip have continued to ramp. He did admit that he was still not sure the revenue model at the retail model would pan out (ie... will consumer pay for the access).]