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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (1178)	7/2/2002 1:19:34 PM
From: stockman_scott	Read Replies (1) \| Respond to of 89467

Morgan Stanley cuts semi capex forecasts for 2002 to -20% from -15% and for 2003 to +20% from +30%, saying they believe that the recovery is still underway but that consensus numbers suggest unrealistic growth; cuts price targets and/or estimates for AMAT, CYMI, AEIS, ACLS, DPMI, KLAC, KLIC, LRCX, LTXX, NVLS, PLAB, TER, VSEA, CMOS, EGLS, and MTSN.

To: Jim Willie CB who wrote (1178)	7/2/2002 1:23:09 PM
From: t2	Respond to of 89467

I think we have a dollar and stock bounce coming I am waiting for an April 2001 or September 2001 type of bottom. I am hoping we get to about Naz 1200/1250...it is not that far away actually. I want to load up on some longs for a trade but am waiting for the downward momentum to ease up. That should create a 200 to 300 point Naz rally....and then after the rally..load up on golds and buy up Euros/Canadian dollars/Aussie Dollars. To me the currency trading bet seems the best risk/reward after the Naz bounce is in. EDIT: just notice that the p/c is rising today as well as the Vix. Maybe the short term bottom is close now...but I am only willing to close some shorts now and not willing to take a chance at longs yet.