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


To: DebtBomb who wrote (24979)5/25/2001 8:41:58 AM
From: Softechie  Read Replies (1) | Respond to of 37746
 
More shorts covering in the works?



To: DebtBomb who wrote (24979)5/25/2001 9:24:25 AM
From: Paul A  Read Replies (1) | Respond to of 37746
 
me thinks it could go either way.. after all, did you listen to the comments from prudential as to why he upgraded the sector? Jesus.. even a 5 year old could come up with a better ramble..

Theres a reason the short interest is so huge by the way.. but I hope your right and they mark things up on the low volume today.. Unlike you, im still favoring shorts until we do a convincing break.. I have no idea where it goes from here but one things for sure- these upgrades and positive outlooks are all based on nada.. nothing at all.. nobody can tell me they see a turnaround in the semis by SEptember and should expect me to run out and start accumulating based on that?

I think one reason all the sub 10 stocks are moving lately is because people really have no conviction either way.. so just play with the garbage, trade the momo and move to the next one.. probably a safer bet then buying AMAT or INTC at these levels..