Strength in the Three Amigos for 2nd trading day in a row,bouying the COMP.What a farce.

CNBC doing a piece on the 2nd half PC recovery not going to happen.Why at 3:10pm on a Friday?Why not when INTC/semis were being pumped yesterday & today on bogus INTC rumor/DELL rah rah release?The schmucks.

New flash low on DOW.Obligatory bounce off double zero(8600).This market is in scam mode.Here comes SCiPpy.

There is no 'PPT'.It's the 'SCP'=short covering program.

UBS Warburg cuts INTC target and estimates.Market shrugs...waiting for that INTC 'upside surprise' pre-announcement.<g>If this market wasn't in scam mode,I'd be shorting QLGC like mad right now.

Nice trade on Q Stockid.I wouldn't have shorted qlgc till 39.90-40.You got brass.

If INTC pre-announces 'upside surprise' today,it would be violating quiet period regs,imo.The only analyst who could turn bullish on INTC and seriously move the market is Dan Niles.I don't think that's going to happen,imo.

You think this INTC 'upside surprise' rumor is any more valid than the MSFT 'upside surprise' rumor last month?Doesn't mean it CAN'T happen,but it smells of desperation on the part of the perma-bulls.

The strength in the Three Amigos is beyond belief.Alot of "wishin' and ah-hopin'".

Peter Pan rally in the semis:
"8:10AM Intel may cut 2002 capex, ests cut for select semi equipment co's-- Pru (INTC) 16.81: Prudential believes that INTC could reduce capex in 2002 to $4.8-$5.0 bln from $5.5 bln;,firm cuts 2002-03 EPS ests and price targets for AMAT, KLAC, NVLS, and LRCX"

Only hope for the perma bulls now is JNPR earnings tonight are spun positive,then shorts will probably take profits manana.

Sly...VIX hit 50 at the 'bottom' in Sept.The longer it stays above 40,the harder it gets to scare shorts and pull in longs.My opinion.

They took off the sc program.

Nice VIX 40 sc rally to fill MSFT gap.But VIX 40 has brought VIX 50 within 6 months twice in the last 5 years.I'd love to see a totally insane ramp to 8900/1400 to short this market.Notice MSFT lower highs.

Jobless # and PPI manana 8:30 am.

ORCL hosting an analyst day today AHs.They gunned the market up after hours on ORCL's June 18th earnings report.Then the next day the market G&Ced.Repeat?

Wouldn't you rather see a crap and run.I would.The next time I see a -150/-50 pre-market,I'm going 100% long.

A VIX reading of 40 means squat,although many will cover shorts there.A true capitulation reading is 50.

High tech expert: "CSCO upgrade a horrible call"

Now they tell ya...

btw QLGC filled Friday gap.Next gap is 34.20-34.40 from last Wednesday.This market tank may be due to jobless # and PPI manana am.

Should expect a rally here,since BBs don't want a DOW -9K close.Last time this happened was last Wednesday at 8920,and they staged a +100 DOW move eod.

Lost in the CSCO/BRCD upgrade euphoria is BOA lowering IBM's target due to 'weakening IT spending'.Has CNBC bothered to mention THAT yet?

That's a given.At every critical point,it seems,'someone' saves the indexes.

Market sending analysts a message here..."we're not gonna take it"(i.e. we're not falling for these bogus p&d upgrades).

CNBC(especially Maria B.) very disappointed that Bush's speech didn't ignite another 300/70 pt rally today.Now they got to shelve all those pieces they worked on for the last three days titled "THE LOW IS IN","BUSH SPARKS MARKETS","NEW BULL RUN BEGINS".The schmucks.

QLGC is getting absolutely no push from announcing it's earnings date last night.Early last week,BRCD was good for $1.20 when it released it's ed.Then again,QLGC is an overpriced,overbought pos that was ramped $7 in 2 days(Wednesday & Friday).<g>

To me,real buyers=longs(st or lt).

Hedge funds were responsible for that 2 day sc ramp job last week.Without them covering,this market would be at 8500/1200 right now.You need them as well as real buyers,imo.

I suggest everyone just get used to the Zeev SI gang(Larry,Softechie,Sylvester i.e....the usual suspects) showing up here,and relax.If you want to 'ignore' someone...don't click on their post.One line on a computer screen shouldn't be too hard to ignore.

Wow.15 minutes after Bush's speech and the bodies are already starting to pile up,huh?<g>

Why isn't there a media frenzy over Bush + Cheney and their own rumored insider trading?I know why.No sex involved...no cigars,no stained dress,no blow jobs.

They were pounding the shorts for two days last week.Don't you think that gap has to be filled,though?At least 1350?

Softechie you didn't refer to them as SAN SUCKERS.Get on the ball,man.