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jenna

09/15/03 4:22 PM

#17638 RE: jenna #17636

MERQ... an anatomy. Although I didn't bother with semiconductors today, too exciting with retailers and ANPI I did note that my Friday buy at the bounce off resistance turned "theoretically" into a short the spike, which we did mention (like BONZ) we might have expected. At this point for semiconductors and possibly first tier technology stocks I'm not looking for more than an intraday "reversal period play" (i.e. buy or short the 10:00 HIGH and these can be "nursed" like a CHIA pet for much of the session for more and more gains in the direction of the 10:00 move. We'll get more into that in the middle of the week, after we get our retail earnings plays (LEN, CBK, CC BBY RINO) out of the way. FDS is also one I like and Friday's pullback in front of earnings might be what the doctor ordered. We'll see.