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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: StockOperator who wrote (3706)	3/22/2001 4:19:08 AM
From: JRI	Respond to of 52237

I think you're right....semi's are the key here....they break 515...and any support these other names have...well...they could poof... The news is going to be so bad over next month (for semis) , I just don't see how they hold.....I mean, the view has definently gotten worse for semis since Dec., and yet the SOXX has held its bottom......now, they is talk of no recovery before mid-2002 (!).....in December, it was generally assumed - 3rd quarter this year....... But I wait until it becomes more clear (that they'll breakdown)...Actually, I think a break of 515 might be quite cathartic....allowing for a fear, capitulation mini-bottom. Sounds like a cheesy, nonsensical 70's pop song, but I think we have to "Go down, to go up".. I couldn't understand, for example....one analyst said yesterdat they expected Csco will preannounce and have revenues 20-30% below previous quarter (for the upcoming quarter)...that is far darker than anyone expected (generally, the rest of year was seen as flat- as if that wasn't bad enough)...anyway, the stock was up on the day...Now, I guess one could look at that a couple ways....One, hey maybe the stock has bottomed....But, in my view, it looks funny- as if this is the same fake-out bottom we've seen before....I mean, that is horrible news...what (major) stock is going to have a + day on that? We'll know soon enough. One other factor: End of month/quarter coming. I wonder how much propping up of big names there will be/is. A lot of managers still have these names on their statements. Thanks for your continued thoughts.....Maybe they remain the Naz "Lorelei" here....? BTW- Isn't it about time again that GS trot out Abbey Jo for telling us how stupid we are for not buying in here? <G>