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Technology Stocks : Semi Equipment Analysis
SOXX 348.14+3.2%4:00 PM EST

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To: Gottfried who wrote (8240)1/27/2003 10:40:06 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 95748
 
>> I'm not sure what to make of this, but we will find out.

But Gottfried, if we wait until we find out, there will be no tradable advantage remaining at that time.

How about this. Short sellers got highly excited and sold what they could real fast. Creating a rapid, but shallow move down. I think that is how VIX spikes higher. However, they couldn't cause further selling from longs. So the bpcompq did not experience enough price drop to mark an "X" (or is it an "O" ?).

So, normally, the shorts would find themselves out on a fragile limb tomorrow, and then the market spikes up from short covering. However, tomorrow is not an ordinary day. So anything might happen.

In my opinion, today's mildly depressed action indicates that few people are betting on the worst-case-scenario. But by Wed morning, who knows!

Sarmad
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