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


To: Suresh who wrote (15355)3/19/1998 12:43:00 PM
From: Clint E.  Respond to of 68206
 
Hi Suresh;

>>have you been following MANU lately?

Yes. Right now it looks OK but I get the feel that when NAZ turns it will go back to low 30s.

ALTR and XLNX are weak perhaps due to options expiration. I know for a fact that they started dropping XLNX on Monday AM when the stock was under no selling pressure. I was short so I was watching it closely. Also JBIL and BAY warnings could have something to do with it. So far they look OK.

Clint



To: Suresh who wrote (15355)3/19/1998 12:59:00 PM
From: Clint E.  Read Replies (1) | Respond to of 68206
 
Just bot some shrs at 41.

XLNX is currently trading at $41 1/8

Symbol : XLNX Exchange : NASDAQ
Description : XILINX INC

Last Traded at: 41 1/8 Date/Time : Mar 19 12:59:00
$ Change : -2 9/16 % Change : -5.865522

Bid : 41 Ask : 41 1/8
Volume : 1815500 # of Trades : 1379
Opening Price : 43 1/2 Last Shares : 10
Day Low : 40 5/8 Day High : 43 5/8
52 Week Low : 28 1/2 52 Week High: 58 1/2



To: Suresh who wrote (15355)3/19/1998 7:23:00 PM
From: Clint E.  Read Replies (1) | Respond to of 68206
 
Suresha, got out of xlnx with 1/2 gain. XLNX still looks healthier than ALTR, IMO. I may get back in tomorrow with some calls/shrs, especially if it tests 37-38 in a spike low fashion.

Best to stick with the Software stocks for now.

Also, I am not sure how deeply Q2 earnings of ALTR/XLNX Q2 were cut by analysts. I saw a report a while back that mentioned improving inventory correction in ALTR's case.

I believe this BTO model that DELL has successfully implemented in the PC industry is making its way into the rest of electronics industry and making it initially tougher for suppliers to forecast & plan production. This is especially true for commodity chips. FPGAs/CPLDs are becoming commodity chips too, IMO.

Clint