Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 256.89

-1.2%

Dec 31 3:59 PM EST

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To: trilobyte who wrote (56924)	12/4/2001 6:52:44 PM
From: t2	Read Replies (1) of 70976

However, could it be that the many shorts out there will be as blind to the first signs of recovery/stock increases as the longs were (mostly) blind to the first signs of downturn about 2 years ago? Lots of profits were wiped out... Very true. Now, we have seen record after record set in short interest on the Nasdaq (and NYSE as well). Almost seems like a bubble of short interest.<g> When short interest increases while the market is heading higher, it could lead to explosive moves on the market such as we are witnessing now. We are getting a few positive comments from some companies and negative or neutral from others. When the economic downturn started, most company CEOs will bullish with only a few exceptions. The domino effect back then and we could see the same sort of think happening. The point is that the possibility of this is now getting greater, imho. Memory prices had been going up lately...a significant indicator of a pick up in demand, imho. When one puts this along with a few other points...such as launch of Windows XP and the economic/monetary stimulas, it is really hard to bet against a stock market rally and an economic recovery. In addition, major mutual funds are underweighted tech; for example Janus sold a lot of positions in the 3rd quarter. This could also be a big factor for the recovery of the tech sector.

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