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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 691.88

-0.3%

Jan 30 4:00 PM EST

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To: mattie who wrote (33013)	6/22/2001 3:01:01 PM
From: Clint E.	Read Replies (2) of 70282

Good luck. I bought a little bit of NT two days ago at 7-3/4 because it looked cheap enough. I think that's what you're talking about and that's what bulls could hope for: stocks are cheap enough at this point even if a recovery won't happen for another six-nine months. I can tell you that there are many NEW chip designs that networking companies are working on. These should go into new systems by next year. This quarter, though, it stinks big time. We're below plan and cost-reduction is in full force. It is so bad that some people are asked to take voluntary unpaid vacation before the end of month!!

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