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.

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

To: Jacob Snyder who wrote (50756)	8/17/2001 4:58:44 PM
From: Cary Salsberg	Respond to of 70976

OT I have a position in CSCO and I am interested in your thoughts. If you PM me, I will treat your thoughts on CSCO at least as well as I treated your thoughts on EMC. TIA

To: Jacob Snyder who wrote (50756)	8/17/2001 5:42:19 PM
From: advocatedevil	Read Replies (1) \| Respond to of 70976

ST Trading: Jacob, Good luck with your plays. I used to do a lot more with options some time ago, but these days I prefer to simply trade long and short without margin. I guess I've become more conservative with age. I think you made the right move in sitting it out today (that's what I ended up doing as well). I don't like how the market has traded during the last 48 hours. Yesterday it appeared as if we would stay down all day, then suddenly we moved steadily up and closed higher. I suspect short covering and options expiration were factors. The fund switchers hoping to catch a short-term bottom lost their window. That left today open for anything to happen. The Dell news set the downward tone, but I didn't figure we'd trend lower all day long. The feeble attempt to rebound at the close makes me think that we'll see more weakness ahead early next week. How the Fed will play into the action is a wild card. As for your plays, EMC and TXN seem interesting to me, but CSCO is a dog IMO, and I'd be careful stretching QCOM (their valuation is high, but it's a growth and earnings stock that could really take off if the sector shows any signs of a turn). All FWIW of course. AdvocateDevil