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

To: trilobyte who wrote (56943)	12/4/2001 7:30:16 PM
From: t2	Read Replies (1) \| Respond to of 70976

Trilobytes, I also thought the equipment stocks would lag and therefore chose chip makers as my largest positions. Consumer electronics is the driver; the application for chips has to keep increasing; demand will increase significantly, imho. It looks like analysts/investors want to look beyond this valley for the equipment stocks. I guess the logic is that new equipment will be necessary to stay competitive and meet increasing demand (which i think will materialize). Additional point on short covering; it is also possible to generate margin calls on shorts...and we get more buying. I am looking for the level of buying on the biggest, most liquid tech stocks to get in a good guess on how much of this could be happening. I am making note of it given the percentage gains from the September lows, when there was so much overwhelming bearishness. Would be interesting to see a hedge or short fund blow up to mark a near term top on the Nasdaq. I am looking for another 100 or so points before reducing long trading positions significantly. Nasdaq over the 200 day moving average certainly makes me more comfortable with my longs....in addition to Intel cracking the heavy resistance at 32.50 today.