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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Dealer who wrote (21657)12/3/2000 12:18:25 PM
From: Boplicity  Read Replies (1) | Respond to of 65232
 
I'm little taken back on the speed of the drop and the continue slide in INTC and the rest of the semiconductors sector. Normally the semi are the leading edge, to still have them falling is a clear indication of more work to go on the downside. I mentioned 2200 as worse case weeks ago, I'm just getting conformation of that number the speed of the drop and continue dropping of INTC leads me to believe 2000 now as worse case. Who's to say, no one can predict the future. As far as time frame, that's anyone's guess, sooner the better in my book. I do feel it will take around 2 qr to sort it all out. And Yes I have nibbled on NTAP that's about it. So, I continue to short every rise, until that doesn't work anymore, I will continue to do so.

Greg