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


To: stockycd who wrote (25928)11/2/1998 9:22:00 PM
From: Gottfried  Respond to of 70976
 
Chris, briefing.com said at 9:45am...

>09:45 ET Dow +42, Nasdaq +14, S&P +6.98: Opens much as expected...techs still ripping although semiconductor equipment stocks are lower in the face of Morgan Stanley Dean Witter downgrades...breadth very strong to start with widespread
modest gains.
<
marketguide.com

So the downgrade was known at the open.

Gottfried




To: stockycd who wrote (25928)11/4/1998 1:21:00 PM
From: Jacob Snyder  Read Replies (1) | Respond to of 70976
 
resistance at: (says the worried bear):

35 amat
40 nvls
35 klac
17 klic
25 asmlf
13 cymi

nvls, asmlf, and cymi have doubled off their lows of 10/8. The others are up over 50%. I've run out of things to sell into this rally. I'm looking at buying nvls puts June 35s. If I had more courage or less sense I'd short klic or cymi.

disclosure: this wisdom brought to you by an investor who started buying nvls puts when the stock was at 29.