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To: marginmike who wrote (106816)10/11/2001 2:23:08 PM
From: Ruffian  Respond to of 152472
 
1:55PM ET Rally has been feeding on itself
this afternoon as the the thought of being
left behind is prompting investors to put
sidelined cash back to work... In addition,
there has been added talk about an asset
swap out of the Treasury market and into
stocks... Very discernible as to where
investors think their cash will be best
deployed as the buying interest has been
concentrated in the big-cap technology
names and the semiconductor sector... The
Philadelphia Semiconductor Index (i.e. SOX)
is up a whopping 10.3% while the Nasdaq
100 is up 5.6%...



To: marginmike who wrote (106816)10/11/2001 3:04:16 PM
From: Jacob Snyder  Respond to of 152472
 
re: id (sic) short the SOX:

Me too. I'll start buying put LEAPs in my favorite overpriced techs, when the Nas hits 2080 (50% rally off the September low of 1387), and/or the SOX hits 516 (50% rally off the low (so far) of 344).

On October 2, I predicted a 50% rally in the SOX and Nas, sometime in the next 6 months. We're already had a 38% rally in the SOX, as of today's intraday high.

Message 16444377