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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (42888)	3/1/2001 5:59:31 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

RE: "Cant you even wait a day?" Mike, I couldn't help myself! Having covered my previous position, I was content to sit back for awhile and finally wait for that golden buy opportunity. Then we get this crazy positive reaction to the AMCC warning, couple that with unconfirmed street rumors about a good quarter for IBM, throw in a touch of CNBC hype, and voila!... the market discards a half dozen major warnings, turns on a dime and rockets up. Well, we were certainly due for a bounce, and this gave those sitting on the edge of their seats with a hat full of cash just the right excuse to jump in "at the bottom." My reaction was simple - this swing is a bunch of "bull" and I began shorting AMAT again. As before, this is a short-term play and I'm hoping to scalp 5-10%. If we continue to move higher with no real news, I'll average up. Good luck to you and all the longs here. I hope to join you soon, but not just yet. AdvocateDevil