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Politics : Idea Of The Day
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To: Logain Ablar who wrote (21981)12/19/1998 6:30:00 PM
From: Judy   of 50167
 
Tim, the key is in Abbey's last sentence ...

Message 6893529

While the NYSEBP has gone into a bull correction mode, this presents another opportunity to add select stocks in sectors that will resume up with the market again. The semi equip sector should be one of those sectors. The funds have chased the core stocks up double their price off the bottom ... the inflection point in the semi equipment maker btb was in Sept and on Friday the btb was the second sequential increase. With the current rate of change, the btb should be one or greater within 4-6 weeks, and this is what the market is responding to and why analysts are revising estimates. One must differentiate the various btb's in the sector.

I look for AMAT to remain strong and breakout after a few tries. Resistance at 47-48, the mo-mo will come when 48 is taken out on decisive volume. Value investors are long shares and laddered with leaps from much lower investment entry levels; traders have returned with AMAT's RS going positive, and the mo-mo is eyeing the stock. Motivation for AMAT's continued strength

Message 6902505

However MU reports next week and could gum up the sector scenario short-term. I await with bated breath to hear what nasties Kurlack will say. And the Asian flu is difficult to cure.
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