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.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: The Phoenix who wrote (41584)	10/27/2000 1:12:17 PM
From: michael97123	Read Replies (2) \| Respond to of 77400

Amat getting pounded too. See below. Just like last quarter, now the rumors start about the quality of csco and amat earnings which come in november. Anything to unnerve us, just like the relentless pounding we take from Bams and chic. Both Amat and csco beat numbers last quarter but went lower anyway. I think they will both hit or beat numbers again and the stocks will go up this time. Combine that with a cut in interest rates in the next fed meeting and we should be able to confirm a reversal this time. But the next few weeks could get rocky again. A break below the 3000 number could get the big volume reversal going as well. U.S. Options-Applied Materials vols up as stock dips anyone care to comment on this and how this impacts us???? CHICAGO, Oct 27 (Reuters) - Implied volatility in options of semiconductor company Applied Materials Inc. (NasdaqNM:AMAT - news) rose amid some put buying as the stock dipped on Friday. California-based Applied Materials shares fell $1-9/16 to $51-1/2 on Nasdaq turnover of about 10.1 million shares by midday Friday. Implied volatility of the November 55 calls stood at around 89 percent, up from about 80 percent on Thursday, an options trader on the Pacific Exchange said. ``The vols are up on the day. November is an earnings month,'' he said. Applied Materials is due to report its fourth quarter results on Nov. 15. The revised earnings consensus for Applied Materials fourth quarter is 76 cents per share according to a survey of analysts by First Call/Thomson Financial, which compiles brokerage estimates. The company earned 39 cents a share in the same year-ago quarter. The options trader noted some put buying in the November 50 series. ``That is why the volatility is up,'' he said. Options volume has been steady as about 2,008 calls and 3,991 puts changed hands across the five U.S. options exchanges combined on Friday. On Thursday, 9,925 option contracts traded versus 7,547 contracts on Wednesday, according to Track Data.