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To: pater tenebrarum who wrote (2379)7/6/2000 3:13:33 PM
From: MythMan  Read Replies (1) | Respond to of 436258
 
Not surprising. Future is bright...
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To: pater tenebrarum who wrote (2379)7/6/2000 4:45:15 PM
From: John Graybill  Read Replies (2) | Respond to of 436258
 
I looked at some option stuff after the close, and I'm going out on a limb and saying that today at 11:00:00 was a short-term bottom for the semiconductor stocks, even lowly NSM.

Check this out: Total volume of NSMSM (July 65 puts) today was 4402 contracts. 4400 of them traded at 11:00 at 16 5/8, which is exactly the same time as a perfectly-formed NASDAQ bottom that never looked back. I gotta believe that that was a sell instead of a buy, and somebody is going to fight like hell to keep as much of that $7,315,000 as he can by expiration.