Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (1904)	8/18/1998 9:17:00 PM
From: Thean	Read Replies (1) \| Respond to of 14427

Nuc - I don't follow the fundies of the equipment makers as much as selective tech stocks that I follow such as DD and some telecom stocks. Therefore, the only opinion I can offer is TA. AMAT - resistence is 35 1/4. If it can close above this resistence, I would look for it to surf the upper BB. If it is going to do it, a close tomorrow at $36 1/2 would be a pretty convincing signal. It did break over to the upper BB today so it has mo-mo behind it. Short? Since I am a mo-mo, I think the risk is pretty high for a short (assuming the techs will continue to rally here regardless of the overall market) on any tech unless it is a put you don't mind losing completely. KLAC - resistence is 32 and change. This may have a further leg for upside move versus AMAT if it can close above 32. On the flip side, if it cannot rally while other techs rally and it repeatedly gets bounced off 32, then a short may be good. The moms and pups have been to the rescue the last few times there were bear scares and they are at it again. I really hope they will suffer the way their Asian brothrens and sistrens do but the US consumers do have tremendous wealth to put into the market. The Asians markets got toasted because the offshore funds (primarily from the American funds which draw from these moms and pups) pulled out. But guess what? The funds wanted to pull out of the US market and these moms and pups have grown "wiser" and take matter into their own hands and say, "To hell with mutual fund, I'm driving with my own stock pickin'" So this is a bear dilemma. Greenspan raising rate will be the sure winner for the bear but that is going to take time I'm afraid.