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


To: advocatedevil who wrote (48517)6/28/2001 2:06:34 PM
From: michael97123  Read Replies (2) | Respond to of 70976
 
AD,
2pm amat getting ready to make a big move here. I feel it in my bones and nvls and klac are up much more already. Amat usually follows on a day like today where i would imagine we would have a very strong close. Also my NYSE buddy tells me there is much "marking to market" going on in the last 2 days preceding the semiannual date. That means a MF who owns 1,000,000 shares of cisco at 17 for instance starts agressively buying more at the market to drive it up to a higher closer tomorrow nite so he can show 1.1m at 20 lets say rather that 1m at 18. Many funds do this all at once, i am told, especially on beaten down big caps. I never knew this until today. mike