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To: Lucretius who wrote (45419)12/8/2000 10:07:42 AM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
no AAII. p/c overall was 0,19 at the low and has now gone to 0,56. OEX is 1,83 . panicky short covering in the QQQ's.

i guess we rally now into the Fed meeting...should be good for another 500 NDX points or so.



To: Lucretius who wrote (45419)12/8/2000 10:10:13 AM
From: UnBelievable  Read Replies (3) | Respond to of 436258
 
Lehman: sell into SOX rally

--10:04 am - By Tomi Kilgore
The Phlx Semiconductor Index ($SOX: news, msgs) is charging 8.9 percent higher, with all 16 components seeing gains of better than 4 percent. Among its components, Intel (INTC: news, msgs) and Lattice Semiconductor (LSCC: news, msgs) both lowered revenue guidance for the current quarter, but those stocks are up $1.69 at $34 and $2.19 at $18.75, respectively. Among the index's more-active components, Motorola (MOT: news, msgs) is adding $1.06 to $18.81 and Applied Materials (AMAT: news, msgs) is gaining $3.44 to $43.44. Other SOX components, Xilinx (XLNX: news, msgs), Altera (ALTR: news, msgs), Motorola (MOT: news, msgs), National Semiconductor (NSM: news, msgs) and LSI Logic (LSI: news, msgs) have all recently warned of shortfalls. Analyst Dan Niles at Lehman Bros. said investor reaction to Intel's warning could indicate that all the near-term bad news has been priced in. However, he thinks "this could be the beginning of a false trading rally" that could lift the SOX 15-to-20 percent, but believes it will be short lived and "would sell into it."

www2.marketwatch.com