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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: 2MAR$ who wrote (15534)	4/10/2001 9:00:34 AM
From: Sharck	Respond to of 37746

Mornin all, will be away most of the day again but did notice that end of day bounce yesterday suggests a near term bottom and continuation of the rally that started last Thursday with lower then average volume going into a holiday weekend. I expect MDCC will have some isolated pressure on certain areas of the bios but here too the trend has shifted to the upside. Canadian Hummingbird warns which will put some pressure on enterprise software vendors, watch COGN, OTC and Documentum as sympathy shorts, though all three are at technical support areas. Retails sales below retail expectations but up significantly from last month. Overseas telcoms up as the lack of warnings there appears to have a positive effect on US futures. Hold overnight longs into the AM reversal with tight stops but watch for weakness towards the end of day. May actually get some good short opportunities if we get a big bounce early.

To: 2MAR$ who wrote (15534)	4/10/2001 9:01:04 AM
From: KevinThompson	Read Replies (1) \| Respond to of 37746

They're slamming semi equipment manufacturers some more... From Briefing.com 08:34 ET Semi Equipment : More negative comments on semi equipment sector, this time from CSFB and UBS Warburg; CSFB lowers 2001 capex to a 30-35% decline from 20-25% and notes that even after bookings bottom, the lack of robust product cycles will weigh on 2H01 demand for capital equipment -- does not see meaningful uptick until late in the first half of 2002. CSFB says current valuations are 30% above trough valuations. UBS projecting similar declines for 2001, and sees only a 10% sequential increase by Q4 of 2001, and does not expect a "V" recovery