Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (11548)	7/10/2001 10:15:03 AM
From: $Mogul	Respond to of 19633

10:05 AM ECONOMY TALK: Wholesale inventories rose 0.2% in May, slightly larger than the 0.1% rise the market was expecting. April was upwardly revised to show a 0.1% increase. 9:43 AM FED TALK: Fed easing expectations are little changed again today with the market continuing to price in 50/50 odds of a 25 basis point rate cut at the August 21 FOMC meeting and little or no chance of an intermeeting move before then. With the Fed speaking calendar thin and few market-moving economic releases due out until Friday (PPI, retail sales, Univ. Michigan consumer confidence), Fed expectations for August are likely to remain fairly evenly divided between a 25 basis point rate cut and no move. And there's a good chance the market will wait to move in one direction or the other until after Fed Chairman Alan Greenspan delivers congressional testimony on monetary policy (formerly Humphrey Hawkins) later this month. According to Stone & McCarthy, Greenspan is likely to testify before the House on July 18 and before the Senate on July 24. 9:16 AM SPREAD TALK: Freddie Mac just priced $6 billion of 5-year notes at +68.5 basis points over the 5-year Treasury note. 9:08 AM ECONOMY TALK: Chain store sales were generally on plan in the week ended July 7, with the weekly BTM-UBS Warburg retail sales report showing a 0.6% rise versus the previous week. Year-over-year, the BTM index is up 2.2%, the strongest year-over-year rate in four months. Meanwhile, the weekly Redbook Research index fell 1.3% in the five-week period ended July 7 compared to the same period a month ago. On a year-over-year basis, sales rose 1.4%, unchanged from the previous week but just slightly below the target of 1.5%. This data series will be extremely important to the markets in just a few weeks as market participants will be looking for signs that tax rebates, due to be distributed beginning the week of July 23rd, are having impact on the economy. The BTM report can be found here.

To: Tom Hua who wrote (11548)	7/10/2001 10:19:13 AM
From: Paul A	Read Replies (1) \| Respond to of 19633

Tom- I killed most of my longs, keeping CCMP and MU as shorts.. CCMP ill be out if your right, but MU obviously I plan to hold well into the next few months.. ABTL has proven to be a nice little helper for me too.. I think if your right and this market has some juice left in it- this one should hit $2.00 before the next dive.. Big meeting today the minute I walk into work.. My fingers are crossed that you folks will see a post from me a bit earlier then usual today! ... I would love nothing more then to be let go- it would force me to stop being so complacent and get into a real sales job : ) or hang out here with you folks all day..