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

To: advocatedevil who wrote (59117)	1/20/2002 2:23:52 PM
From: Robert O	Read Replies (1) \| Respond to of 70976

AD I guess one strategy is to simply acquiesce to the movement in the market. If one is playing for the very short term and realizes that for whatever reason trading pressure simply pushes a stock one way and consistently bails the stock out of a movement the opposite way, it can be profitable to very carefully abandon all beliefs about fundamentals and join the crowd. Having said that, it appears that a great way to trade is to trade, in general, in the bias direction of the stock say for that week. AMAT set up to be a pretty easy short (as you proved) in the short term as there is now this capital spending cloud over its head. Any large holders who are looking to shed shares on the belief amat may be 'dead' upside for a few quarters or more will bail out, but not all at once. Daily price action will probably reflect initial selling and then selling into any rallies hence muting rallies. Right now the opposite is occurring in NVDA. The 'story' out there is Compaq's good CC and Dell's increased guidance and the success of X-box. Even though X-box came in right where everyone predicted sales to be, the MSFT hype machine on x-box rosy future (some of it warranted) is pushing NVDA up even if less than 20% of its sales are x-box related. The 'story' is out there and it's sticking. Strange the current longs do not see the swelled $10 billion current market cap as already justifying NVDA's anticipated successes. Will be an interesting week to come, I hope my Monday trading profit does not surpass the rest of the week's ;-) RO