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

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To: Steve Lee who started this subject3/1/2002 3:11:46 PM
From: Dave Gore  Read Replies (1) of 99280
 
Are Traders rushing into Chip Stocks? NVLS up 5 points

Interesting comment I just heard on the mentality of traders about the sector. Went something like this:

"Oh my God, did you see the NVLS report? I thought orders were terrible, but I guess they're coming around. Heck, you know how fast these stocks fly when there is any hint of a turnaround! We better get in now! They're the first tech stocks to really go!"

Interestingly enough, a weak NVLS report a long time back set the semis and techs on a slide. Hmmmmmmmmmmm!

Being discussed now on CNBC.
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