Zeev's Turnips - No Politics Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Zeev Hed who wrote (29380)	2/11/2002 6:47:48 PM
From: Robert New	Read Replies (1) of 99280

AMAT CEO just last week said that he "remains concerned at the slow pace of which major tech companies are investing in new equipment." Makes me think that their outlook won't be extremely bullish....its possible that their cycle has bottomed but unlikely that the next one ramps up anytime soon from this comment. We were down on 2.0 to 2.1 billion shares on the Comp last week but could barely muster 1.5 billion on the upside today. Still think we top out at/about 1875 where the downtrend line comes in. Given current volume trends it shouldnt take too much to get us moving in the other direction imo. Nice to see the VIX fall back rapidly as well....

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next