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Technology Stocks : Semi Equipment Analysis
SOXX 309.40+1.0%4:00 PM EST

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To: The Ox who wrote (12458)11/10/2003 4:23:02 PM
From: Kirk ©   of 95526
 
Perhaps it is folks doing what I've done... I took profits in my chippers UTEK, AMAT, LRCX friday and today early when still up... the stocks were up huge and up against some resistance levels. Why not take some off in case the market corrects? Then we have funds to buy them back. If they keep going higher, then the remaining shares do well.

I figure if I was doing it then others were probably doing the same. I even took a bit of profits in CACS last week...

This might be why we've had so many sideways corrections this year? I've taken profits at several levels on the way up but buy and hold would have been the ideal strategy. I have made a tad back by rotating a few of the dollars to other areas that correct more and were not so strong so I got better prices... so not all was lost.

The upgrade of Intel today by the company that downgraded it at the bottom was a key for me to sell another batch early this AM. (sold some AMAT at $24.98)
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