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Politics : Formerly About Applied Materials
AMAT 252.25+0.9%Nov 28 9:30 AM EST

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To: Shoibal Datta who wrote (43581)3/12/2001 3:56:20 PM
From: Jacob Snyder  Read Replies (2) of 70976
 
Here's the kind of posts you see as we approach a bottom:

Message 15488238

What I've been doing for the last couple of months, is looking for volatile stocks that have set up a horizontal range, and trading the range. AMAT 40-50, TXN 29-36, QCOM 50-65. The Nasdaq is still in meltdown mode. Weak at the close, mediocre volume. The strength in the semis and semi-equips today, IMO, is just denial. The Dow, also, is in denial. Look for anything that isn't at the bottom of it's valuation range, that hasn't yet given back the entire 1999-2000 bubble, and short it.

Alternatively, you could celebrate every 100-point decline in the Nas by buying some longest-term calls in the highest-quality techs, and then don't look at them for a year.
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