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Strategies & Market Trends : Steve's Channelling Thread

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To: orkrious who wrote (23147)	8/6/2001 9:25:25 PM
From: All Mtn Ski	Read Replies (1) of 30051

Jay, I thought Joseph's call on INTC was quasi-capitulation as well. After the Spring call and the reaffirmation last week, how can he come out negative on the biggest semi there is? Is this a stealth warning that SSB may change their outlook? I'm sure you've seen the recent reports that AMAT may be laying off more people after a honorable attempt at preserving employment for the next upswing. If Morgan can give a translucent and honest forecast for business going forward next Tuesday, we may get the event that knocks off the last leg for the NAZ. Layoffs would be a signal that things aren't getting better soon for the equips, although the market may "buy the bottom". Sheez! Speculation on my part, but I'm still waiting for the "worst year ever" colors to shine through. <g> Tom

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