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Technology Stocks : Rockwell-Spins off Conexant (CNXT) -- Ignore unavailable to you. Want to Upgrade?


To: marginmike who wrote (131)5/13/1999 11:48:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 2013
 
MMike, looking strong again now over 40... buyingopp at 34-35 looking less likely now, but who knows? ... happy to move that small money from CNXT into theQ with rewards... with such a huge gap recently from 32 to 40+, the CNXT RSI is gonna be tough to avoid apparent weakness and a pullback... if pullback happens, then pre-announcmt calls sound like big winners, esp with swing momentum technically

I wish I could bond with you with ample misspellings, but sorry

explanation of subord convert debentures is exactly my understanding... the conversion price at 46? sounds very generous... like buying slamdunk leaps with a dividend

the entire Gilder pack move together, unfortunately... wish a few were somewhat uncorrelated for minor margined subplays

/ jim willie



To: marginmike who wrote (131)5/14/1999 7:02:00 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 2013
 
MMike,
I would not be surprised to see CNXT take a small dive in next few days... it couldnt hold its gain yday... its RSI looks dangerously tilted... rather substantial runup in last several days from 34 for a 20% gain... gonna encourage some shorterm profittaking... an excellent short candidate for 3-4 days... kinda ballsy move if done though

do you see likelihood of 10% pullback in the Gilder Techs like QCOM, BRCM, UNPH, GBLX in coming week or so??? their RSI's dont look weak at all, but they have had such nice recent gains... seems like some take two steps forward, then putz around plus/minus 5% for a spell

/ jim