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Technology Stocks : Full Disclosure Trading -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (6619)	8/7/2003 2:25:18 PM
From: Sam Citron	Read Replies (2) \| Respond to of 13403

OT ** mental note Buy on first day of rise Sell on last day of rise Sell on first day of drop Buy on last day of drop Seriously though, I think the speculator's job is to determine at what point the market has overreacted to a particular event. Depending on the nature of the event, one can often forsee that there are other shoes to drop, or that resolution of the matter will take some time. For example, when the Cree family spat erupted into a lawsuit recently, it was clear to me that it would be followed by SEC investigations and class action suits, so I did not buy the first day drop (to 16). It is now 12 and still in a free-fall. It is quite rare for the overreaction to occur so quickly that it warrants buying on the day of a large drop. The instances where this sometmes happens are: (1) when the market is so strong that it takes a forgiving view of negative news and (2) where the news is misinterpreted and is not as bleak as it first appeared. Interesting case study today is XMSR. Perhaps Altern8 can fill us in. RE: WDC I'm not too optimistic about ST situation because it will take some time before the benefits of the acquisition can become apparent. In the meantime, the doubters have the upper hand as we encounter some dilution due to costs. JMHO, Sam