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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (77838)	6/3/2001 11:04:12 PM
From: bobby beara	Read Replies (2) \| Respond to of 99985

Justa, i don't think i would consider that contrary sentiment, i remember Larry McMillan reporting the HUGE amount of puts traded right at one of MSFT's swing bottoms, i'm not sure which one it was. stockcharts.com[m,a]wallyymy[pb50!b200][vc60][iUb14!La12,26,9] an elliot case can be made that it completed it's move down around the turn of the year, they are still standing with billions in cash while the dot.coms that were gonna put em outta business are bleeding, and gates has been humbled. Usually when a strong franchise has been so humbled it's time to buy, i certainly wouldn't short this one -g-

To: Justa Werkenstiff who wrote (77838)	6/4/2001 9:00:45 AM
From: Justa Werkenstiff	Respond to of 99985

6/4/01 Global chip sales drop 10% in April: SIA (INTC, AMD, AMAT) By Tomi Kilgore Global sales of semiconductors totaled $13.72 billion in April, down 10 percent from the same period a year ago, and 5.8 percent below March's total, according to the Semiconductor Industry Association. "The overall demand continues to reflect the inventory correction that began in the fourth quarter of 2000," said George Scalise, SIA president. The sales declines were broad, hitting each chip product sector and most geographic regions. Commenting on the SIA data, Merrill Lynch said that, "our current forecast for industry revenue growth stands at a negative 10.7 percent. We expect further pressure on average selling prices to become one of the industry's biggest challenges as the downturn progresses."