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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: StormRider who wrote (43268)	8/29/2002 10:51:29 AM
From: DanZ	Read Replies (2) of 53068

Very nice turnaround in the SOX this morning. TER opened at 12 on the low of the day and is now at 12.75. Just one example. This is typical action for the semiconductor stocks...very volatile group but if I'm right that they have bottomed, buying the dips will be very profitable going forward. You may not pick the ultimate low on every dip, but buying a little on dips, adding a little more if they dip more and selling off on the rallies will work well if the trend changes to up. I love this kind of market, and I do think that the SOX has turned the corner. Downgrades this am, the stocks opened lower and immediately turned up. Good sign of a bottom.

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