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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Scumbria who wrote (112217)	5/23/2000 7:17:00 PM
From: Petz	Read Replies (1) \| Respond to of 1570344

RE: semi correction today. Its worthwhile to take a step back and ask yourself some questions. Haven't almost all of us bragged about how we were continuing to make money in AMD+(smaller positions in a few semi stocks) while the rest of hi-tech crashed? I KNOW you all told your wives this fact and you told yourselves. Well, the way corrections work is that they eventually hit ALL GROUPS, but the strongest stocks are the last to fall. I think there will be a period of churning now in which the indices will drift lower but more and more stocks will buck the trend. I don't think its over until we have a huge increase in volume (over 2 billion on the NYSE) on a day in which where are over 1000 more advancers than decliners. When that happens on the NYSE, the NAZ will follow within two weeks. I found it encouraging that the advance-decline was almost neutral (-240) on NYSE. Nasdaq had very bad breadth, so its not over yet. Petz