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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Big Bucks who wrote (24633)	9/25/1998 3:28:00 PM
From: Gottfried	Respond to of 70976

BB, re > no wind to fill the sails< and a strong current towards the rocks. Time to anchor.<g> GM

To: Big Bucks who wrote (24633)	9/25/1998 4:35:00 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 70976

BB: "Short squeeze in progress?" No, I think it is called institutional accumulation in anticipation of a turnaround via strength in the chip stocks like INTC coupled with a bounce off the bottom of an overall market correction. You are right. There is no good news in this sector except that the institutions are buying the big cap semi-equips. And nothing else matters. As I have said before, waiting for the bookings to turn via SEMI report is a sound investment strategy, but if it is like 1996 you will pay a price in the range of 40% to 60% off the bottom before one can conclude from the report that the ship has turned or has at least stabilized and is ready for battle <GG>. Poor book to bill was old news for the institutions and fully discounted in the price. Stall or no stall come next week, welcome to a new and higher trading range.