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To: Jacob Snyder who wrote (2655)11/12/2002 1:11:17 PM
From: Sarmad Y. Hermiz  Read Replies (1) | Respond to of 13403
 
OT***

>> CYMI SS @ 28.8

I guess it is a toss-up. The current price is double the recent low, and half the (less) recent high.

But a more general question. If one was unable to forecast the large run-up from the October 10 lows, why would one have any expectation in being able to forecast a drop from the November 10 high ?

Are tops easier to see (or confirm) than bottoms? Or is it a belief that buyers after a run-up are more likely to be wrong than sellers after a run-down ?

Good luck to you in your short. AMAT reports today. Dell on Thursday.



To: Jacob Snyder who wrote (2655)11/12/2002 1:25:21 PM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: I agree that this run my be waning despite seasonality. I've added short positions in AMAT, BRCM and FCS today. The volume today should be higher if this run was going to last in my opinion.

Here is a nice 5 day SOX chart that is suggesting the SOX may have gone just about as far as it can today anyway:

stockcharts.com[h,a]faclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

Good Luck, RtS