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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: CommanderCricket who wrote (1277)	3/9/2001 1:10:52 PM
From: jim_p	Read Replies (2) \| Respond to of 23153

I am. So far I've bought AMD, AVT, ISSI, LSI, SUNW and SSTI. Hoping for more orders to get filled. Jim

To: CommanderCricket who wrote (1277)	3/9/2001 1:16:33 PM
From: Area51	Respond to of 23153

CC, I bought a little EXTR as an an alternative to CSCO (higher book value, lower price/sales, higher growth, lower price). But you have to be a little crazy to be buying any technology in this environment. Looks like the Naz is reaching an equilibrium in which bulls are too scared to buy and bears are too scared to short. Will be interesting (hopefully even profitable <g>) to see which way it breaks.

To: CommanderCricket who wrote (1277)	3/9/2001 1:18:30 PM
From: ItsAllCyclical	Respond to of 23153

>> Anyone buying? << Not me. The NDX (Nasdaq 100) has taken out 1850 again. Security trader highlighted this chart about a week ago taking about this crucial support level. If it closes below this level there's no real support until 1300 ish. As such I'm staying away for now. The rational part of me says we probably won't see these levels NT as techs are oversold (still not cheap though) and Greenspan can/will come to the rescue again soon. However I have to respect the technicals and valuations. In order to get to the 1300 level or (1500 on the composite) the market needs to believe that rate cuts AND a tax cut won't be enough to turn things around quickly or even by Q1 of 2002. Too many believers in that little old elf to see capitulation now imho. If you're buying tech and trying to do some st trading I'd at least wait until 3 to 3:30 and see how she's going to close. Too close to critical support to chance it. Both from a tech and a fundamental viewpoint gold is looking better and better. Still like selective energy and have watching the XOI closely again. It's close to a big move either up or down, but given it's chart it'll most likely be to the upside. A breakout in the XOI could signal energy as the clear market leader in the short term. Own PGO and a few golds and that's about it. You could say the XOI has already broken out, but it's still too close to 550 to say that for sure. Very distinguishable upward wedge forming. God help the patch if the XOI trades below 500 again. We could stay in this pattern on the XOI for 3-4 more months max, but we'll know soon. With laggards like OXY finally moving this rally may be for real. 207.61.23.98