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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Rick Storm who wrote (26967)2/4/2002 9:50:49 PM
From: orkrious  Read Replies (1) of 99280
 
I can't understand who was buying; it held its gap while nvls, sox did not?


AMAT and KLAC were upgraded to Strong Buy, NVLS only to Outperform. Also, there was speculation last week that NVLS was losing mkt share to AMAT. That IMHO, is why NVLS hasn't held up as well <G>. They are also grossly overvalued, but KLAC is more egregiously overvalued than the others. That thing has been a machine, which is one reason I cashed in a little of my NVLS short at the close for some more KLAC. Look how far that sucker is above its 200dma.

ork
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