Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: j g cordes who wrote (16473)	6/9/1998 10:50:00 PM
From: Suresh	Read Replies (1) \| Respond to of 69036

Hi Jim, > cut in half... hate to see what a sell reco means. wait until we see what they say about WDC tomorrow. They will be in technical default on their loan. BTW, WDC Jun 15 put was very active today. I wonder why ? :) I think CNBC is going to say; "WDC warned yesterday after the close. But it is almost at its yearly low and it has dropped considerably from its peak of 50+. How low can it go ? " Analysts research report ....Disk drive sector is totally beaten up. There is not much downside so we upgrade the stock to market perform. (I hope they see some upside in these issues) BTW,.... semi equipment companies order balance is deteriorating everyday. Now many of the companies are thinking twice to send their employees to scientific seminars/meetings (this applies to presenting authors of papers too!). As one of the attendees pointed out he had never seen this kind of cost cutting by these companies. I hate to think what all those analysts are going to say after their next quarter earning. Later, Suresh