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Politics : High Tolerance Plasticity

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To: The Ox who wrote (5476)	6/26/2001 3:25:05 PM
From: Think4Yourself	Read Replies (1) of 23153

Agree shorting AMCC, and shorting in general, is risky. Put a lot of margin (that wasn't available a month ago) to work this morning on the long side so am fairly balanced now at 35% long and 65% short. Was 95% short for the past month but was seeing signs that selling was declining this past week. Didn't want to cover but mildly concerned about surprises from the Fed meeting tomorrow. Will short more AMCC if it hits 15 as I suspect the price action is being caused by short covering. Dang that Micron, it just doesn't want to stay down! There is huge overcapacity in memory production but investors just don't seem to recognize it's there yet.

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