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Technology Stocks : Eaton (ETN) is definitely not overvalued! -- Ignore unavailable to you. Want to Upgrade?


To: Walter Morton who wrote (18)8/21/1998 8:48:00 PM
From: Ajay Nandanwar  Read Replies (3) | Respond to of 338
 
You are right!! these stocks keep on getting cheaper!! ETN has broken all downside supports, and seems to be in a free fall. How many examples do you want of stocks which kept on getting cheaper.. COMS, CIEN (recently), CA, ORCL, BA, UNP).. there is a reason these stocks are down, and they are falling means the street knows something is wrong and they don't like the stock.

Another wonderful short idea..LUBRIZOL CORP (LZ).

I believe this makes a great short candidate, today dropped 7/8. I am targeting 10-15% downword move from here. Declining revenues, combined with market jitters will push the stock down. The stock is in downword breakout.... creating new 52 week lows every day. Charts also indicate downword drift... all earlier supports have been cleared. It's currently trading very close to the low created before Jan 96. Any opinions!! can some TA guru give me more insight.

-Ajay



To: Walter Morton who wrote (18)8/28/1998 1:06:00 AM
From: Grand Poobah  Read Replies (3) | Respond to of 338
 
What does this article have to say about ETN's investment in 300-mm equipment? Did ETN make a bad capital investment?

300-mm: The great leap that didn't happen

techweb.com

G.P.