Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: warawls who wrote (8312)	6/19/2002 12:03:19 AM
From: Bruce A. Brotnov	Respond to of 16631

The good news was ORCL beating estimate but when they saw future a little iffy then it was an overall negative to go with AMD and AAPL warnings, which followed the recent INTC warnings. At that point the street ingnored the good B2B and threw in the towel. If we don't hold 1500 tomorrow we'll probably be testing the 911 lows as the inflated techs (high PEs) will likely drag down the rest of the market with it. The ideal situation would be a repeat of Monday with a stupid sell off and then heavy bargin hunting. However, I think I'll hit the golf course tomorrow instead of watching the herd go bonkers again. Bruce

To: warawls who wrote (8312)	6/19/2002 2:46:31 AM
From: Dave Gore	Read Replies (2) \| Respond to of 16631

I honestly don't know. It's hard to believe it's AMD's or ORCL's guidance. I'll try to find out. Maybe it will improve before morning. I sold almost all my "long" positions during the day or in A.H.'s after the AMD report but still hold some MLNM and AMAT calls (which are likely going to expire worthless). I probalby will be looking to pick up some select semi stocks if things stabilize at lower levels after the strong B2B report. Still, this weakness is odd. Perhaps a focus on Geo-political tensions after a couple days of absence? Maybe the dollar is dropping in overseas markets?