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Strategies & Market Trends : Joe Stocks Trader Talk -- Ignore unavailable to you. Want to Upgrade?

To: Michael Young who wrote (196)	2/11/2002 4:43:58 PM
From: Joe Stocks	Respond to of 787

Michael, I feel your pain. I covered KLAC but kept AMAT short because I thought it would be less volatile. LOL! Still holding PMCS also. That one I have found in the past that you just have to hold for awhile. PMCS seems to have some big pocket support and the MM takes every advantage of a low volume day like today. Eventually it breaks. Joe

To: Michael Young who wrote (196)	2/11/2002 5:17:53 PM
From: Robert New	Respond to of 787

I covered KLAC and VRTS on friday but held PMCS and will add if we see 24.50 where the downtrend line comes in. I picked up some AMAT in the last half hour on all the excitement created today on the analyst upgrade and late day pump. QLGC is also looking inviting here on the short side imo. Would also like to reenter KLAC somewhere in the 59 area if possible. Today's volume was terrible booking 1.5 billion on the naz and like the fact that with each day of rally the VIX is falling fairly rapidly....tells me this rally doesn't have much further to go. Ive got 1875 as the likely peak of the current rally. Wont take too much bad news to reverse this market back down imo...