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To: Sarmad Y. Hermiz who wrote (379)4/30/2002 8:21:28 PM
From: Return to Sender  Respond to of 13403
 
Sarmad and Don. I think the NASDAQ will be up and the SOX will be up too. I did not sell more than I did today because I too think the market has at least a little more room to run.

The VIX dropped almost 10% today. The VIX drops and the SOX rises. I have already seen the relationship. How many of our stocks rose 10%? Not enough I'm sure. Although I now think MU could fall back to 17 I also believe AMAT will have good news for investors next week.

Briefing.com thinks the SOX may top out at 570 to 575 on this relief rally. I think 550 could be tough to get through but good economic news and a good report from AMAT could still see the SOX back above 600 again. We are still in the same trading range.

Don, thanks for your input on the summer doldrums. And Gottfried thanks for the charts! Sorry we can't seem to stick to trades only but some of us are better at writing posts... <gg>

RtS



To: Sarmad Y. Hermiz who wrote (379)4/30/2002 8:23:45 PM
From: willcousa  Respond to of 13403
 
The shorts are so busy beating up wcom and tyc that they have no time for us right now.



To: Sarmad Y. Hermiz who wrote (379)4/30/2002 10:36:31 PM
From: kdavy  Read Replies (1) | Respond to of 13403
 
Samsad, My losses in mxim, lltc and altr are minimal. I was getting low on equity and had started using margin. It was too close for comfort. I still have more shares in these companies. If the market (sox) goes up I can easily recover my losses. On the other hand I it goes down I can take advantage of the drop. I sold to balance my trading port folio. NVLS is another case. I bought in too high. I want some room to trade and make up the losses. Today's trades position me to take advantage of both up and down. That's how I like it. I don't know what is going to happen tomorrow but I am ready for it.

kdavy