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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: fedhead who wrote (15639)	4/22/1998 12:04:00 AM
From: Clint E.	Read Replies (3) \| Respond to of 68285

Anindo, I don't see a rally in SEMI stocks. Majority are trading within their trading ranges, some near the top. I am now less than 10% invested in a couple of dogs and hold a couple of options but by Thurs morning when MSFT's earnings is released I am going to start shorting stocks. I like KTEL as a short tomorrow if it gaps up due to split. I will short some of these stocks; TXN, XLNX, MXIM, KLAC, NOKA, COMS, CSCO, DELL, HWP, LHSG, DCTM, PMTC, BILL, QNTM, JBIL, BBY. I wouldn't short AVEI at this point. Most of the damage is done. I don't see it dropping below 31ish. We will know by April 30th how much support it has with fund managers. Remember CTXS went thru the same thing recently but it recovered strongly. I expect the same here, a shift from a momentum stock to value stock and back to momentum stock. Clint

To: fedhead who wrote (15639)	4/25/1998 10:11:00 PM
From: Clint E.	Respond to of 68285

Anindo, to finish my thoughts on your question of SOX a few day ago.... SEMI's BTB in March @ 0.8 was even lower than Feb's 0.91....The lowest in many months....However, the perception seems to be that the worst is over and therefore SOX held up well in the face of current sell off in NAZ. In the last 2 qtrs, I have kept telling you that AMAT's earnings is a non-event and that has been the case. But this time it does matter, ESPECIALLY IF THESE STOCKS STAY UP. The reason is simple. WS perception must be put to test and the next major test is AMAT's earnings. Clint