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

To: StanX Long who wrote (56743)	12/1/2001 8:12:31 PM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Some good news about MU. 12/01 11:47 After November Rally, Room for Gains: U.S. Stocks Outlook By Josh P. Hamilton New York, Dec. 1 (Bloomberg) -- The rally in U.S. stock indexes from September's three-year low has room to run, and gainers may include Micron Technology Inc., Wal-Mart Stores Inc. and Hewlett-Packard Co., according to two gauges of investor sentiment. While some investors say the gains -- as much as 36 percent for the Nasdaq Composite Index -- pushed stocks too high given slumping corporate earnings, others say an expected rebound from recession is stoking optimism that should outlast periodic dips in the coming months. ``There's more balance out there, and you want that to form a base to build off as better news emerges,'' said Rafael Tamargo, head of stock research at Wilmington Trust Corp., which manages $26 billion. ``I don't expect to see what we saw over the last month and a half, but we could see slow and steady progress.'' By one technical measure, the relative strength index, a relatively small number of stocks is ``overbought,'' according to Bloomberg data. The RSI calculates the degree by which daily gains outpace daily declines. A high RSI suggests investors are piling into a stock, making it due for a drop.