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Strategies & Market Trends : The Amateur Traders Corner

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To: Bocor who wrote (6917)	3/7/2001 8:31:01 PM
From: Tom Hua	Read Replies (2) of 19633

Bocor, my comment applies to the Naz in general, not necessarily for every stock. Software stocks will tumble on warnings as I believe they have not fully reflected the upcoming bad news. At the other extreme, yesterday several chip stocks warned before the open, they all closed up about 10% each. Obviously investors had expected worse warnings. Warning from JDSU last night had little effect on the stock today. TLAB didn't move much on the warning tonight either. Back to CREE, stock ran up from 20 the last few days despite being downgraded. So it's basically back to last week's level. I bid 19 AH, didn't get filled. Will try again premarket. Regards, Tom

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