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

To: Jerome who wrote (43888)	3/16/2001 3:36:10 PM
From: Shoibal Datta	Read Replies (1) \| Respond to of 70976

Jerome, what's your read on the volume today? NAS volume pretty unremarkable (1.7B at 3:330 EST) - this could be options-related selling. If that's the case there could be a good sized snap back on Monday, IMO.

To: Jerome who wrote (43888)	3/16/2001 4:27:21 PM
From: mitch-c	Respond to of 70976

Keep in mind that my string of guesses is just that ... I'm no expert. No. I'd expect a Fed anticipation bounce, plus a reaction to today's (albeit mild) downdraft. However, I think both will be well within what I consider the "noise" in the signal/noise ratio - about 10% either way. Also, I'm no technician, but my instinct for the pattern we're seeing has been an early-week mild rally, followed by bad news (or other excuses) and a late-week drop. Reversing that, I figure we land between -2/+4 from here Monday. Rumination - doesn't it appear that layoff announcements are a Prisoner's Dilemma game? A company's announcement seems to briefly help its own stock price (cost control), but enters the large pool of negativity that hurts others. With so many announcing, the individual voices of responsibility seem to blend into a chorus of doom. - Mitch