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

To: Tiley who wrote (19001)	12/22/1998 9:29:00 AM
From: Clint E.	Read Replies (1) \| Respond to of 70402

Good morning, Manish. Yes, AMGN was acting pretty strong as market started selling off ~2 weeks ago. >>>So at what point in the retracement would you be willing to buy the stock? (I assume we agree that the stock is going to retrace here), What? Retracing? Go wash your mouth, young man! It is un-American to talk about stocks going down! Seriously, why should there be one right away? Perhaps in a 1-1/2 month when the market starts sliding it could close ½ or all the gap to low 90s. COMS? Don't know about earnings but I know this is a cyclical(!) networking company and with earnings on the way up thanks to all the write-offs in the last few quarters. I also know that 2 out of 5 sales managers and FAEs that I met in the last two weeks were carrying a PalmPilot and loved it. PalmPilot should show strong sequential sales for the Xmas season. Clint