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

To: Johnny Canuck who wrote (41109)	4/22/2004 11:52:59 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69967

April 23, 2004 On Thursday, the Nasdaq opened flat but soon began to rally. It remained strong throughout most of the day before finally drifting going into the close. This action has it closing well and puts it back above its 50-day moving average. 2100 remains resistance here. The S&P put in a similar performance. This action has it also closing well and also puts it back above its 50-day moving average 1140-1160 remains resistance here. So what do we do? Just two short days ago, the market was down sharply. Now today (Thursday), it's up sharply. From a momentum trader's perspective, this lack of follow through is frustrating (to the say the least). Also, out of the 7,000 stocks I scan nightly, I was unable to find any meaningful setups. Usually, this is a sign that I should stand aside. Therefore, avoid making any big bets until the market can prove that it can follow through--in either direction. One last point, if you do decide to buy this market, use caution since the A) the VIX is hovering near multi-year lows (a sign of complacency) and B) As mentioned for some time now, the indices remain below a substantial amount of resistance. Best of luck with your trading on Friday!

To: Johnny Canuck who wrote (41109)	4/23/2004 3:18:44 PM
From: Ron	Read Replies (1) \| Respond to of 69967

Can anyone explain why so many volatile Nasdaq stocks just have no shares available to short. I know it varies from broker to broker. TASR and PKTR just to name a couple, that neither of my brokers will short.. Thanks

To: Johnny Canuck who wrote (41109)	4/24/2004 12:34:45 AM
From: Johnny Canuck	Respond to of 69967

RF Micro Refocuses Online staff -- Electronic News, 4/20/2004 With plans to exceed $1 billion in revenue by 2007, RF Micro Devices Inc. today announced it is refocusing its business around three units. Advertisement Each of the units -- cellular, wireless connectivity and infrastructure, which RF Micro says combined will contribute $6 billion to the industry in the next three years -- will report to President and CEO Bob Bruggeworth. "As we begin our fiscal 2005, our realignment around these three core business units demonstrates our commitment to growth in each of our markets, and more closely aligns our product development and marketing efforts with our customers and their end markets," Bruggeworth said in a statement. "We will continue to invest in the assets and resources necessary to grow in each of our core markets, and we forecast these investments will enable the company to exceed one billion dollars in revenue within three years." The cellular business unit is focused on RF Micro's power amplifier (PA) products, small signal devices and transceiver solutions for air interface standards, including GSM/GPRS and CDMA, and will rely heavily on its Polaris Total Radio transceiver line. The company expects Polaris, which is ramping into production now, to increase its overall dollar content in cellular applications. With its entry into the transceiver market, RF Micro said it effectively doubles its total addressable market in handsets to approximately $2.5 billion by combining the $1.2 billion to $1.3 billion market for transceivers for GSM/GPRS cellular handsets with the $1.2 billion to $1.3 billion market for cellular PAs. RF Micro said it intends to leverage its customer relationships and market share in cellular PAs, which is approximately 50 percent, in order to take share in the transceiver market. Meanwhile, the company's wireless connectivity business unit focuses on developing and producing components and SOCs for Bluetooth, GPS and wireless LANs. RF Micro claimed strong design traction in Bluetooth, noting an existing relationship with Silicon Wave CMOS Bluetooth radio processors. RF Micro further said it is developing a GPS/Bluetooth module by leveraging its technologies in process and packaging integration. And, like many companies, RF Micro attributed growth in WLAN product sales to the retail market's demand for PAs, radios and basebands. Lastly, the infrastructure business unit is focused on components for wireless base stations. Within this market, RF Micro recently introduced driver amplifiers that leverage proprietary thermal enhancements to the company's GaAs semiconductor process. The company is also commercializing gallium nitride for wide bandwidth base station PAs, which RF Micro expects will improve the performance and lower the overall cost of wireless base stations.