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To: Venkie who wrote (95497)4/17/2001 9:33:02 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
No bear blinders here ... wish I had covered AMAT at the close, but not heavily short tech. Just have one observation -- CSCO and INTC both reported bad news with little visibility. INTC talked a little bit more about their plans and downplayed a horrible drop in revenue and margins. CSCO rallied as in -- ignore it the worst is over and rally, then closed down. I expect almost all SOXX components will rally very hard right out of the gate tomorrow ... this is no reason to buy comm companies, even INTC said the segment was weak, MOT said the segment was week, ERICY announced job cuts today

Said all that to say this -- get you a good trade -- don't get married to anything and choose wisely. And if in the craziest of scenarios INTC should close well below its opening -- get out



To: Venkie who wrote (95497)4/17/2001 9:59:13 PM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
Do you think I wear bear blinders? Donnie, we're in a bear market, so I prefer to think I wear bear shades.

Get some longs tomorrow for a quick scalp and you may be fine. I would sell what you hold into this next pop. I will be shorting with puts by Friday at the latest.