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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: 1podstock who wrote (33833)	4/6/2002 6:49:07 PM
From: 1podstock	Respond to of 52237

addendum...oops...a correction is needed: "to me, if Naz is at 1770 in Feb, and AMAT is at $40; then naz is at 1770 in April, and AMAT is at $50 ---- if this does not say a stock is bullish......" change that to $50 in April; not $40.

To: 1podstock who wrote (33833)	4/7/2002 9:26:23 AM
From: orkrious	Respond to of 52237

orkrious...when exactly is a stock bullish? I guess to me it's all a matter of perspective and whether or not you are in a bull or bear market. I think we are in a bear market and the semi equips are grossly overvalued. Consequently, they are good shorts, especially as we enter a time of seasonal weakness. Yeah, had you known they were going to outperform the Nasdaq, you would have bought them. But to say AMAT is a buy here because they have been outperforming the Nasdaq, while ignoring the fundamental reality that they are priced for peak earnings while at trough earnings, is a mistake IMHO. Combine that with the fact that we are entering the seasonally weakest 1/2 of the year for the market, and you have to be nuts to go long these stocks for all but a scalp. That's all I'm saying. ork