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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: set who wrote (21377)	7/8/1998 1:03:00 AM
From: epicure	Respond to of 94695

Turned out ONE analyst said ALtera was going to meet or beat- that's it- told his office right around the time all the semi stocks started popping. According to the commentary on CNBC this should really only affect the programmable logic companies (Lattice was mentioned) but ALL the semi companies popped. It was said on CNBC that there was just so much desperation in the sector they were willing to jump on anything. So probably just a short term rally- like Jim suggested. Now I don't see why some of that internet money couldn't rotate into the semi stocks- as the net stocks are probably beginning their descent. But I wouldn't think the rotation will last long. And if gold moves up more, oil should follow it. They usually move together, with a bit of a lag between the two. If Bill's BK is on time that should come just in time to kill the semis little rally.