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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Mani1 who wrote (147221)5/16/2002 12:03:40 AM
From: tejek  Respond to of 1583867
 
Re <<after this pull back, I am thinking they will go a little higher before they go for their lows. I am trying to squeeze out a few more points.>>

I was a bit surprised that the market opened lower. When I said sell the open, I didn't think the whole world would listen :)


So you were the one who screwed it up for the rest of us. What.......did you sell in premarket? <g>

I suppose it could have small rallies during the down turn. But the summer should not be good. I just shorted AMAT and intend to hold for several weeks.

I think they will try to take tech higher at least til the middle of June before summer starts. I think that at some point after that, tech will crash once more and retest the Sept lows.

After that, a genuine bull market rally may start....assuming the economy continues to improve. However, some bulls are getting anxious and are trying to jump start this rally and make it into something bigger. To do that, they need better volume than we've had so far.....plus I think its too soon.

In any case, I did not sell my tech......I am trying to ride it higher. My NVDA has been doing a very nice job. I think it goes to $46. ;~))

Plus it looks like WCOM may be getting it together!

ted