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

To: Jacob Snyder who wrote (43222)	3/6/2001 2:11:06 PM
From: Sam Citron	Respond to of 70976

Did you manage to cover last week at 40?

To: Jacob Snyder who wrote (43222)	3/6/2001 2:22:18 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 70976

No, as I posted when I made the trades, I shorted at 49.25, watched as the stocks showed a lot of relative strength compared to the other techs, and covered at 45, and AMAT then dropped to 39 over the next two days. I was being too clever. Should have just stuck to my original, simple plan. But I did make money. And I hope to make more. I'm still thinking this is just another bear rally, like the January rally. In the face of fundamentals for the semi industry that have deteriorated markedly in January and February, with no light at the end of the tunnel, I can't see this rally being sustained. But we shall see.