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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 689.46-0.9%4:00 PM EST

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To: Clint E. who wrote (32516)6/1/2001 1:05:15 AM
From: Clint E.  Read Replies (1) of 70392
 
I got out of my emlx and brcd calls(up 50% in less than 24 hrs. was good enough) but kept vrts shares for now... If the unemployment report doesn't freak the market, I'll get back in...............as far as the comm IC market, we think that it has bottomed but we don't know how quickly the recovery would begin. We're still shooting for the second half. Meanwhile, there is on-going spending restrictions and cost-cutting measures in place to improve the balance sheet if the recovery wouldn't arrive as early as expected.
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