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Strategies & Market Trends : The Amateur Traders Corner

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To: Kelvin Taylor who wrote (11295)	6/29/2001 11:02:07 AM
From: Doc Bones	Read Replies (2) of 19633

From Briefing.com: After Hours Movers : -- Update -- Communications chips moving higher off PMCS' "better-than-expected warning"... From TSCM: Jim Cramer PMCS 6/29/01 9:37 AM ET I bet this PMCS closes down on the day. As much as these mutual funds key on this one for performance I still think there are enough people who realize that it doesn't belong up here after blowing up like this. Call me a fundamentalist, but it is too absurd that the mark-up artists can keep this one up all day. One to watch closely. Cramer also did a piece yesterday: Arrogance, hubris? Or brilliance? I am talking about Invesco's decision to buy the beaten-up communications semiconductor companies. <snip> Now, I see that some of the funds, which actually sold some of the names, are picking this moment to call the bottom. Short term they have the ability to pretty much have their way with the stocks. So...many think they're overvalued (including me), but be careful out there.

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