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Strategies & Market Trends : The Amateur Traders Corner

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To: sammie-m who wrote (8158)4/10/2001 8:38:29 AM
From: Tom Hua  Read Replies (2) of 19633
 
Sammie, most biotech stocks don't trade on PE, they're driven by hype. I think the biotech sector has a long way to fall. I've been thinking about putting some cash into QQQ, the one thing I dislike about QQQ is its inclusion of some biotech stocks. When I do jump into QQQ, I'll short the Amex biotech index by the same proportion of its weighting in QQQ.

Cypress semiconductor announced prelim results, below expectations of course.

biz.yahoo.com

Regards,

Tom
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