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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (46175)	5/3/2001 8:55:53 PM
From: Jerome	Read Replies (2) \| Respond to of 70976

Jake, the causes and the end of the rally are debatable, consistent to the extent that one wants to prove a point. My observation is that the tech stocks rally furiously at any sign of good news. (CSCO is the example from yesterday) I believe this to be a bear rally looking for a reason to turn into a bull rally. (INTC's report a few weeks ago was the trigger) As stock prices get 50 to 80% lopped off last years highs, the usual methods of measuring stock values becomes less usefull. I was an INTC fan at 55 to 65, and now that the price is about 30 I like it even more. I could not afford another1000 shares at 60 but I can afford 2000 at 30. This is the kind of thinking that's going to keep the tech's on an upward trend. You are wise to cover your short positions on AMAT and NVLS. Market psychology is changing for the better, but like a battleship it turns slowly. Jerome

To: Jacob Snyder who wrote (46175)	5/3/2001 9:18:11 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST Trading: Jacob, I've been away from trading and the market over the last week due to a family medical emergency. I had a little free time this evening and enjoyed catching up on many of the posts here. I wish I had the time to respond to some of them, but unfortunately I'll have to keep my participation brief. I'm still holding very large short positions in AMAT and LRCX. It appears that I was in the red for most of the past week, but fortunately I was never stopped out and am now slightly in the black. FWIW, my current positions and limits are as follows: AMAT $53.25 (average cost), $59 stop-loss, $48 cover goal LRCX $29.05 (average cost), $32 stop-loss, $26 cover goal AdvocateDevil