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snp

08/16/04 2:54 PM

#284909 RE: Zeev Hed #284903

Briefing.com : 14:41 ET Floor Talk : Despite the appearance of a solid upwards trajectory in the major indices today, institutional desks still caution that the lack of volume suggests that the big money has yet to start moving in. While concerns over the price of crude appear to be somewhat assauged after Venezuelan President Hugo Chavez won the recall initiative, traders are telling us that the key catalyst needed to get money off the sidelines and into the mkt would be a multi-day sell-off in the price of oil combined with a corresponding rally in the major averages. Hence, if the mkt can finally show the ability to sustain its moves higher, money managers may start to feel the need to move money into the market so they don't miss out on any nascent rally. In particular, traders are watching the deeply oversold semi stocks as well as the brokers to lead any rally
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rajaram46

08/16/04 4:14 PM

#284966 RE: Zeev Hed #284903

w/ OVTI I am worried about their forecast and their transition on the product line rampin up...inefficiency in the market or something more?


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Public Heel

08/16/04 4:54 PM

#284978 RE: Zeev Hed #284903

Next Tuesday afternoon (OVTI). Zeev, do you have any opinions on the "commoditization" of OVTI's technology (the reason given for a couple of downgrades a few weeks ago)? Is that just smoke?