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Strategies & Market Trends : Sharck Soup

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To: GREENLAW4-7 who wrote (17489)	4/20/2001 7:52:00 AM
From: GREENLAW4-7	of 37746

One more thing, why should I buy long any CHIP STOCK, after the current move as fundamentals continue to soften? The last time these stocks has similar fundamentals was back in 94-94, and some stocks like INTC are at 1992 fundamentals, look at where the chips were trading from 92-95. Why shouldn't the sox trade a a fundamental P/E of that area? I believe the current move in the market was PRE-PARED. From josephs call on chips to the feds lowering rates. In essence Greeny bailed out the funds like he did in 98 but this time he left the retail investor in the dust!! By late March probably 70% of retail stock holders had sold in the down turn.!! So they missed the rally from 1600-2200, I hope they who have any funds left do-not chase this insane MARKET!!

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