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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jill who wrote (3638)9/25/2000 6:13:03 PM
From: Sully-  Read Replies (1) of 65232
 
Hi Jill,

It'll be bad juju to have many companies warning on Thurs & Fri, don't you think? Me thinks that any warnings after Wed will cause that issue to get taken to INTC's woodshed for its beating. Those waiting until their regularly scheduled earnings release date to announce they missed estimates could see share holder lawsuits.

Still, we might test 3600. Maybe the houses want to shake out some more margin players - note NAZ down three straight sessions for about a 150 point loss - some stocks are down big time -

INTC over 28% in 3 days
MU over 28% in 5 days
DITC over 25% in 4 days
LU over 18% in 6 days
TXN over 18% in 4 days
TERN over 17.5% in 4 days
AMD over 15% in 4 days
MOT over 12% in 4 days
ERICY 12% in 4 days
NTAP fanned the flames today with a 11.5% drop

- margin calls will be due & could be quite ugly for those who were waiting for a rebound.

Hope we are wrong....

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