Replies to post #87513 on Zeev's Turnips Patch-No Politics (ZEEV)

[Paul A]

Thanks Fred- actually I like ALOG alot and always played it from the long side.. Its really just a trade to catch downward momentum if the markets fall in the next few weeks which is pretty much the way Im going to be playing my positions aside from a few longs during the day.

Just seems like ALOG is finally doing what the rest of the sector has over the last few months, and lately with my shorts Im hitting companies that are selling on positive news like ALOG is now.. I figure this week should be critical to see if it can rebound and get above 45..

oh well.. just a trade though.. Just like NVDA, if they fall enough ill go long. Maybe im just bitter that I missed the runup in ALOG : )

I just looked at the chart again and funny thing- im not a tea leaf reader, but isnt that a cup/handle formation? Implying that ALOG can really explode to the upside here? see- now you got me nervous!

[Bullwinkle]

A little more on ALOG...

Needham Upgrades Analogic to 'Strong Buy'

Analyst Dalton Chandler says the maker of high-tech security systems beat his revenue estimates
Needham upgraded Analogic (ALOG) to strong buy from buy.

On Wednesday the company posted $1.59 vs. five cents second quarter earnings per share. Analyst Dalton Chandler says the $160.6 million second quarter revenue estimate beat his $147.4 million estimate, and earnings per share would have met or beat his $1.83 estimate excluding one-time items.

He notes a marketing deal with Lockheed Martin for the company's COBRA portal explosion detection system, and its deal with Sanders Design to build an infrared counter measure system (IRCM). He says a bill is pending in Congress that would require all U.S. commercial aircraft to be outfitted with IRCM-type technology.

Chandler raised his $485.7 million fiscal 2003 revenue estimate to $498.8 million, and cut his $4.62 earnings per share estimate to $4.38. He also maintains his $68 target.


Copyright 2003 The McGraw-Hill Companies, Inc.