Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (32374)	8/3/2000 6:27:04 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 50167

Good Morning Ike and Sons<g>... i have looked at the SOX index via P&F, and several semis charts... all are in peril imo...while we have an oversold sector right now..it can and will go lower before it washs out and turns up later this year.. i think the SOX has minor support at 940, a print of 920 i feel will take this index right down to 840 and then a possible selloff to 760 the bottom of the trading band... INTC if it prints 61 it's going to 53 quickly AMAT a 71 print takes it to 61 KLAC prints 47 heads to 39/40 AMD going to 53.. MU is in a perilous position right now...75 would break a triple bottom and violate the bullish support line taking this stock first to 64 and then possibly to 55... KLIC will be the catalyst for this today as they warned of pushouts because of other companies lack of product/delieveries..... while it's not a bad thing, as we know, there is major demand thruout the industry in all areas of the marketplace...nothing has changed except delivery of the parts...so it has a tricle down effect for ALL users... and the street's sentiment on the industry is very negative..which simply means they are wrong... i would wait to see if the carnage gets a bit uglier first before dipping my toes...i do not think we have seen the bottom in ANY of these stocks or the SOX... nice to see the boys are in the game<G> my regards to all, Uncle OJ.,...

To: IQBAL LATIF who wrote (32374)	8/3/2000 7:07:52 PM
From: zainrehanzack	Read Replies (1) \| Respond to of 50167

<<INTC 61.70-61.90 is a good support, a long trade on 65 calls with minimum six months time frame can be initiated if we see these levels expecting SOX to hold the test of 200 days and Comp rebound from the lower level of the gap, the stop loss would be 35% erosion of the premium the trigger of the trade would be around 3540 on Comp considering INTc is now at 62 plus and that one $ drop may take SOX as well as Comp lower.. just a trade you can look at.. >> I went for the trade. Instead of options I purchased INTC at 62 1/4 and got out of those shares towards last closing minutes. Good trade. The low of INTC was a $ lower from your support, the Comp tested 3521, 19 points lower from your Comp point of 3540. I want to ask you dad, how could you relate the levels of INTC with Comp potential rebound. How could you think of SOX 200 days MA would hold when market futures were down big? How did you evaluate that INTC will be around 61.70 and Comp will trade at or about 3540? Thank you for a good tip. Zack