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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: ZenWarrior who wrote (69938)	4/13/2001 5:03:51 PM
From: UFGator93	Read Replies (1) \| Respond to of 122087

Zen, can I ask why you are bullish on the market right now? It seems to me the market is running up on nothing lately. DELL reports they'll probably make estimates, semi's are upgraded because it can't get any worse, and the market rallies on Tuesday because there wasn't a whole bunch of bad news on Monday. I don't think the recent reasons given for the runups will hold. There just haven't been enough positives. When such a large economy takes a downturn, it takes a while for that to reverse. Or are you only saying that you are short-term bullish (like for the next few trading days)?

To: ZenWarrior who wrote (69938)	4/13/2001 8:18:34 PM
From: Paul A	Read Replies (2) \| Respond to of 122087

Zen, I gotta tell you for what its worth- im the exact opposite opinion.. The one sector I feel that will go much MUCH lower is the semis.. Its what I do for a living, so im not just throwing darts at a board.. WE will be hearing from Intel next week, and im sure Cisco will issue its warning next week as well.. This should give us a better idea what to expect. I see a ton of supply, and little demand.. Sure- inventory levels are coming down a bit as NT said, but thats simply because they arent buying anything!!! Sales are not picking up IMO and until I see that trend change, I see more pressure on the prices, and alot of consolidation. I could care a less how lousy the charts look, and how low the PEs are.. This sector got a free ride on the back of the internet, something nobody really figured on.. Now that the trend in that sector has slowed- chips are once again a whores game.. Just 2 weeks ago the media told me that inventories were shrinking and prices on SDRAM were firming.. WElp- they jacked up the prices for a week, and of course as expected- greed took over and everyone was trying to get that inflated price all at once.. We just saw a dramatic drop in both Sdram and Flash memory this week.. Be very careful.. Im short MU as well.