Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 314.52

-0.6%

Dec 11 4:00 PM EST

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To: Donald Wennerstrom who wrote (15689)	6/14/2004 11:39:37 AM
From: Jess Beltz	Read Replies (1) of 95572

Sold all of my issues today except one - AMD. Reasons: (1) The violence is ticking up strongly in Iraq as we head to the end of the month and the "handover" (2) The analyst community is really down on the sector right now, bashing it almost whenever they can (3) There will be more bail-on-any-tech-sector selling in light of the Fed's increasing sabre rattling about getting more aggressive about raising interest rates at the June FMOC meeting. I may miss a dead cat bounce or two as a result of today's sales, but the way I see it, those who want to drive semi prices down have about two weeks (through the end of this month) of a nearly optimal environment to do it in, and they won't fail to take advantage of their opportunity. Jess.

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