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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Steve Fancy who wrote (2608)6/21/2001 6:42:23 PM
From: Steve Fancy  Read Replies (1) of 6873
 
I shorted NVLS on the news. NVLS is one of my favorite trading stocks and between MU and the B2B I'm betting it drops in the AM, perhaps significantly to 46 or so...unless someone finds some way to put a positive spin on the report but I sure don't see it. Sounds like more of the "no idea where the bottom is" theory. Couple in SYMC after hours and I think the Nasdaq run is done for now. Amazing how little it takes to move a stock down after hours sometimes:~)

Semi Equip Stocks : Seeing a slight negative reaction to the weak book/bill number, but volume is very light (changes vs close): AMAT -0.3, NVLS -0.5.
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