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Technology Stocks : ESST-the new beginning.
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To: SemiBull who wrote (1968)6/3/1998 11:05:00 PM
From: Ian@SI  Read Replies (1) of 3493
 
SemiBull,

I wish that my ESST shares weren't in my tax free account. If this goes to zero, I eat cat food during my retirement. LOL

In the 10K, a couple interesting new products exiting from R&D were described. If these sell profitably, then we could see improvement by 1999.

I'm not optimistic that market beating returns will be seen on any of the chipmakers before the Capacity glut is worked through. The migration to 0.18micron and opening new fabs is pushing that date further and further out.

I'm probably the most bearish that I've ever been on the chip makers (not the equipment makers yet). Is that a bullish sign? ;-)

Re ESST and LEAPs; I'd personally ignore both. ESST is 2nd tier and will recover later than the leading Chip makers in each of its sectors, IMHO.

Biggest thing that it's got going for it is Fred and Annie seem to have much of their net worth tied up in ESST stock.

Taking a capital loss to offset taxable gains then rolling the money into a sector leader may make good sense. Only you can judge whether or not that's an appropriate strategy for you.

Unfortunately, I need to do my sell ESST/buy XXXX on the same day or my US$ get converted to Cdn$ automatically at a cost of about 1%; then another 1% to buy US$ when I eventually make the purchase. Another penalty associated with our RRSP laws.

Good luck,
Ian.
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