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

To: Paul A who wrote (22381)	8/1/2001 8:51:28 AM
From: orkrious	Read Replies (2) \| Respond to of 30051

I have a huge short position put on near the close Monday. All I can do is hope I can take some pain. I just shake my head when I read MER's rational. From the AMAT thread...Merrill said that it expects the companies' order books to meet lowered September quarter targets. Still, the analysts are not indicating that they see business conditions for the chipmakers are better now, noting that the industry "continues to struggle with a combination of overcapacity and demand." The downturn has left many companies "below breakeven, and we do not expect to be back to normal run rates until the second half of 2002," Merrill said. The brokerage is expecting earnings in the first half of the year to remain depressed for the sector. Message 16153706