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Technology Stocks : Full Disclosure Trading

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To: Jacob Snyder who wrote (3335)	12/18/2002 1:34:07 PM
From: Return to Sender	Read Replies (1) of 13403

OT: You are absolutely right. The SOX is holding 300 but so far cannot seem to break back above 303. ORCL's report tonight should have just as profound an effect on this market tomorrow as MU did today. Anyway, I'm glad some of these short positions are working out for you. You probably already saw this from Briefing.com on the SOX but maybe not: 11:40 ET Sector Watch: Semiconductor -- Technical -- Under significant pressure today in the wake of negative news (MU -20%, ASML -14%) but the sector index (SOX at 301, -5.9%) has stabilized for the time being in the 301/299 support area (50% retrace Oct/Dec run, 100 day sma). Short term need to stabilization above resistances at 303/304 and 307/308 (recent range floor, 50 day sma) to improve the bias. A failure allows for follow weakness with next supports at 295 and 292. Others in the group posting sizeable losses include: TER -7.4% AMD -6.5%, ALTR -6.4%, LSCC -6.4%, LLTC -6%, MXIM -6%.

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