Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LemurHouse who wrote (43982)	3/19/2001 6:39:09 PM
From: Shoibal Datta	Read Replies (2) \| Respond to of 70976

FWIW, I think we are setting up a sell on the news scenario. If you are waiting to write cc's, I'd wait until 11:30 am PST before you decide on a course of action (it wouldn't be prudent otherwise, to paraphrase a certain president).

To: LemurHouse who wrote (43982)	3/19/2001 6:50:59 PM
From: advocatedevil	Respond to of 70976

RE: "What's your thinking re the rally today? Short covering before the fed?" It must have been due to Bush pronouncing he's now "very confident" about the economy! But wait, didn't he just give us a warning on the economy? Perhaps we should call this a V-shaped executive opinion reversal? (I guess GW's advisors got the message across to him that it may not be wise to talk down the economy when the whole world is watching). Actually, I think that short covering did play a role in today's move (folks covering and moving to the sidelines ahead of tomorrow's uncertainty). Last week's record point slide probably brought in a few from the sidelines. Perhaps the huge surge in negative press (about the market declines) we've seen over the past few days prompted additional contrarian bottom-fishers to nibble. I expect there were also some folks willing to buy at a perceived low with the hope that the rate cut will prompt a rally, and if not, well, that's OK, we're close enough to a bottom, right? Whatever the reason, I'm not buying it quite yet. AdvocateDevil