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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (20191)	3/28/1999 11:03:00 PM
From: dennis michael patterson	Read Replies (2) \| Respond to of 42787

challo, from briefing.com Tech Stock Analysis Bonus Link: Tech Stocks Archive Updated for 29-Mar-99 Please note: Briefing.com is provided as an information service only. Charter Media, Inc. and Briefing.com do not make specific trading recommendations or provide individualized investment advice. Readers should make investment decisions based on thorough research and their own investment criteria. See Disclaimer. General Commentary: No reason for sector to break out of its sideways trading pattern given continued turmoil in Kosovo, still uncertain earnings outlook, Fed to keep policy on hold and holiday shortened week. Net stocks have most going for them in that new issues continue to come to market (generating excitement), top- and bottom-line growth expected to remain impressive and traders anticipate further consolidation. Virtually no earnings reports this week, certainly none that will move entire sector... CompUSA (CPU) due to report on Wednesday with Rocky Mountain Internet (RMII) scheduled for Thursday... With so little on the calendar, warnings more likely to impact sector than actual reports. A couple of Internet IPOs set to price this week... Briefing.com expects Priceline.com (PCLN) to generate a lot of interest, while Critical Path (CPTH) should receive only moderate enthusiasm (which by Net standards equates to about a 75% jump in first day of trading). Instead of doing the normal Industry Briefs, today we are highlighting those stocks in each group that trade at abnormally wide divergences from their long-term moving averages... Though strong bullish momentum could carry these stocks modestly higher over the next several days, Briefing.com contends that they are extremely overextended... As such these stocks are ripe for corrective retreats of between 15% and 20% (over the next one to three months)... This is not to say that the long-term outlooks for the stocks highlighted are in jeopardy... It's just that when stocks move away from their long-term moving averages by extreme degrees, they typically experience a subsequent period of backing and filling... Consequently, if you're holding these stocks and have a short-term investment horizon now might be a good time to consider reducing exposure. Industry Briefs Computer Systems & Peripherals \| Networking \| Software \| Internet \| Semiconductor \| Chip Equipment \| Telecom Equipment Computer Systems & Peripherals Stock Closing Price (3/26) Support(s) EMC Corp. (EMC) 122 7/8 112/100-98 Sun Microsystems (SUNW) 116 1/2 96-94 Computer Networking Stock Closing Price (3/26) Support(s) Cisco Systems (CSCO) 105 3/16 95 Computer Software & Services Stock Closing Price (3/26) Support(s) Intuit (INTU) 95 5/8 80-78 Adobe Systems (ADBE) 56 15/16 50-48 Macromedia (MACR) 42 13/16 33 1/2 Internet Stock Closing Price (3/26) Support(s) America Online (AOL) 125 11/16 110-107 So, Challo, we may have a shot!