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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (19430)	7/15/2004 9:01:15 PM
From: Spekulatius	Respond to of 78615

I like Citbanks fundamentals but the stock looks like it is going lower. I think 40$ is a good possibility. Of course, most charts looks weak now as well. Chip stocks continue to look weak - i added a few TSM yesterday. TSM is the largest and most profitable foundry company worldwide and forward PE's look pretty reasonable , if they indeed happen. Even if not, the stock is close to trough valuations and business is much better than it was back then. LCD maker AUO is also weak, i continue to hold my small position. Flat panel prices are supposed to come done, fine with me I am looking for a 19" LCD! Anyways, AUO looks just to cheap to sell. I notice that they do own some older 4G, 5G plants, right now leading edge is 6 and 7G. However these plants are almost depreciated to 0 now , which could compensate for most of the cost disadvantages. PFE and WYE are both weak and look attractive to me. The legislation around WYE is pretty scary though. PFE with weaker than expected revenues due to currency fluctuations - this explanation sound somewhat fishy to me - the Euro is almost on a record high and overall the US$ has not been a bastion of strength. i might nip on PFE as the earnings estimates are unchanged (for now).