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: Math Junkie who wrote (44666)	3/28/2001 2:31:36 PM
From: Jacob Snyder	Respond to of 70976

ST trading. Actually, I think that was probably a good idea (covering your short). Look at the relative strength of AMAT, vs. other big cap techs. Lots of companies in the Nasdaq 100 are setting new 52W lows today, or are at the low end of their trading range. AMAT, by contrast, is still far above it's 52W low, and still near the top end of its trading range. If we get a month-long rally in the Nasdaq, we could see AMAT vault way above 50. If we hit 55, then all the shorts and range-traders will get nervous, and we could easily see a pop to 60. AMAT's relative strength tells me I need to look elsewhere, for short candidates. NTAP on any pop to 21 looks like a good short. EMC at 37. CSCO on any strength. I'd short the Dow stocks, except I don't really follow any of them.