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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (19492)	6/30/2001 11:02:10 AM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 30051

Zeev: Re: "Most of the SOX reversal was the dump Jay mentioned on AMAT, from close to $53 to $49. Most of the rest held at least half their gains." Assuming AMAT is 10% of the Sox, I would think some but not most of the decline from top to close was due to AMAT. I would say less than 20%.

To: Zeev Hed who wrote (19492)	6/30/2001 11:15:10 AM
From: Paul A	Read Replies (1) \| Respond to of 30051

Zeev- how much of that was real re: AMAT? I think If I were around for the madness, I probably would have went long AMAT on the break under 50.. It just seemed really weird.. Matter of fact, even INTC I show the last after hours trade at 29.30 which cant be where it starts trading on Monday- Just one of those things.. I know alot of people got strange fills during the madness as well.. I wonder if they will bust the trades if they are too outrageous? A perfect ending to a very very strange week.. Im still looking at the chart of CCMP and wondering how I managed to get lucky enough to cover my short at $54 when it looked like all the semis were goign to break down.. Sometimes we just get plain lucky- gotta cherish those moments : ) ...I dont think ill ever cover my MU short unless it breaks 65... Id like to meet someone who can explain to me why/how this stock stays afloat..