SI
SI
discoversearch

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.
Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?


To: waverider who wrote (2758)9/10/1998 1:57:00 PM
From: Thean  Respond to of 14427
 
Diamond, how about BBY? It is a pretty strong horse here. Noticed that people here have gone back and forth on the last two hours talking about CCI and how low it has been. Well, if someone just quit talking and walk the walk, it would be already 3 point in the pocket!
AFS breaking below $59. I am going to watch the last half hour very closely. If we start to break upward, I don't want to pass up on AFS. It has been a 8 bagger.



To: waverider who wrote (2758)9/10/1998 2:05:00 PM
From: Melissa McAuliffe  Read Replies (1) | Respond to of 14427
 
H,
I've got the same question for cci. The other day it was down 50% and I was starting to wonder how much lower it could go. The good news is it went even lower.....

I use quotes plus for my charts. I don't have the current release so my charts only go back 2 years. I especially like these stocks where I can't find any support in the last 2 years.:) CCI and BT both fall into this category as I'm sure do many others these days.

This brings up a question.....how valid are support levels that go back this far. I don't know about anyone else but I'm having a hard time setting target prices these days. Everything just keeps going lower. Maybe better than setting target prices to exit these trades would be to just see what happens when the stock hits its next support level... What do you think?
Melissa



To: waverider who wrote (2758)9/10/1998 2:09:00 PM
From: tdl4138  Read Replies (2) | Respond to of 14427
 
<How much downside do I see in BT?>

How big a problem is Brazil...and the rest of S>A.?

Earnings have already been lowered to about $3....and thats before any substantial losses from S.A...So what if it's down 50%...that's old thinking. What is it worth TODAY with potential losses in the billions? Third quarter earnings have been reduced to a loss (if I'm not mistaken...of .83..from over +$2...)

I would eventually expect BT to be a $30-35 stock...along with CCI trading at about $40-45. Don't try to value them on old earnings....they don't exist anymore.

What I am afraid of is that in the very near future, Greenspan will be forced to lower interest rates....and that will be the beginning of a powerful rally in the financial/brokerage stocks. Just look at the opening action this past Tuesday. Most of the money center banks opened 7-8pts up (and quickly sold off). That was on the rumor...the actual event would be substantial...albeit...short lived. It would also be a great time to re-short.

Just remember....the fed doesn't have to wait to the scheduled meeting to adjust rates...especially if we're talking just a 1/4 pt.

Just my thoughts
Dave