ARM

[shelman]

Is this one oversold on the back of what is happening with the NAZ and US profit warnings.
Some stocks must have an intrinsic value which makes them more attractive.I think this is the case with ARM and so it seems do many in the chatroom. In the near future i think this is ripe for recovery.
Thought i'd post the below for thought.
Stock talk : Deutsche ups Arm forecasts
01/02/2001 13:16:45

Deutsche Bank raises earnings
forecasts for
ARM Holdings
after strong
Q4 results.
Raises 2001 EPS forecasts 2% to 3.18p
and ups 2002 EPS 7% to 4.77p.
Sees stock trading in 500p-800p range
near term. making current levels
attractive.
Shares down 1.8% at 520.5p.
(NPB)

13:16 Feb 01 2001

Currently @ 410 offer...Hmmm
Steve

 

[Riz]

sad looking charts...

Hi Steve,

Thanks to the last Nortel-caused blow on the techs, most popular tech stocks' charts started looking sad and ARM, MONI, BHM are some of them...

Price is at the year low hitting the lower BB at the moment..stochastics up at the oversold area with K just crossing over D..RSI also oversold and turned flat after friday...

Nasdag's being close on monday will add more uncertainty on such tech stocks, this might also provide opportunities to chase them for even lower prices...ARM is certainly one of those worth to watch closely on monday...

good luck

(no financial advice intended)

rizgar