Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in th...

From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and Energy Power in th...
Date: Sat, 10 Aug 2002 17:37:45 -0500

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Hi Charley,

NVDA may very well be the poster child for the concept that technicals =
always deteriorate before the fundamentals "explain" why. Because =
accounting reporting lags, the deterioration in sales, earnings, etc. =
may not show up for a while. There's also the small matter of the =
insider trading scandal which resulted in legal action against the =
company, an SEC investigation which required them to restate financial =
results from prior years, and a CFO leaving for "personal reasons." =
Irony of ironies, they replaced ENE in the S&P 500.

Sometimes even great technology can't overcome a crisis of confidence.

Katherine
  ----- Original Message -----=20
  From: Chazmoore@aol.com=20
  To: canslim@lists.xmission.com=20
  Sent: Saturday, August 10, 2002 5:16 PM
  Subject: Re: [CANSLIM] FW: Summer Relief Rally- Is It Possible? and =
Energy Power in th...


  Mike: As regards NVDA I once owned it when it was in the $50-$60 =
range. No question that this is a good company, with good earnings so =
far. However, their principal product is that other chip that goes into =
the computer. I am sure you know more about that than I do.=20
  Their problem lies with their customers. All of the box companies are =
struggling, with Dell being the only one holding its own. I think that =
when Intel opined that demand was falling, the smart money started to =
pull out of NVDA.=20

  This is just an opinion.=20

  Charley=20

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<META http-equiv=3DContent-Type content=3D"text/html; =
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<META content=3D"MSHTML 6.00.2716.2200" name=3DGENERATOR>
<STYLE></STYLE>
</HEAD>
<BODY bgColor=3D#ffffff>
<DIV>Hi Charley,</DIV>
<DIV>&nbsp;</DIV>
<DIV>NVDA may very well be the poster child for the concept that =
technicals=20
always deteriorate before the fundamentals "explain" why. Because =
accounting=20
reporting lags, the deterioration in sales, earnings, etc. may not show =
up for a=20
while. There's also the small matter of the insider trading scandal =
which=20
resulted in legal action against the company, an SEC investigation which =

required them to restate financial results from prior years, and a CFO =
leaving=20
for "personal reasons." Irony of ironies, they replaced ENE in the =
S&amp;P=20
500.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Sometimes even great technology can't overcome a crisis of=20
confidence.</DIV>
<DIV>&nbsp;</DIV>
<DIV>Katherine</DIV>
<BLOCKQUOTE=20
style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; =
BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
  <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV>
  <DIV=20
  style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: =
black"><B>From:</B>=20
  <A title=3DChazmoore@aol.com=20
  href=3D"mailto:Chazmoore@aol.com">Chazmoore@aol.com</A> </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A =
title=3Dcanslim@lists.xmission.com=20
  =
href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>=
 </DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, August 10, 2002 =
5:16=20
  PM</DIV>
  <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] FW: =
Summer Relief=20
  Rally- Is It Possible? and Energy Power in th...</DIV>
  <DIV><BR></DIV><FONT face=3Darial,helvetica><FONT size=3D2>Mike: As =
regards NVDA I=20
  once owned it when it was in the $50-$60 range. No question that this =
is a=20
  good company, with good earnings <I>so far.</I> However, their =
principal=20
  product is that <I>other</I> chip that goes into the computer. I am =
sure you=20
  know more about that than I do. <BR>Their problem lies with their =
customers.=20
  All of the box companies are struggling, with Dell being the only one =
holding=20
  its own. I think that when Intel opined that demand was falling, the =
smart=20
  money started to pull out of NVDA. <BR><BR>This is just an opinion.=20
  <BR><BR>Charley</FONT> </FONT></BLOCKQUOTE></BODY></HTML>

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