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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: The Ox who wrote (3497)6/11/2002 5:06:03 PM
From: Return to Sender  Read Replies (2) of 95572
 
It looks like just a technical breakdown to me. It is not just PMCS though. It is the entire technology related market. Speaking of technology but outside of the semiconductor industry it is hard to find any group of stocks which has begun to show year over year growth.

So it looks like a test of the September lows is a foregone conclusion to the market. Especially from the way things are trading lately.

Buying should step in once we reach those lows.

The real question is simply that when most other technology stocks outside of the semiconductor industry are trading below September 2001 prices now how much longer can the SOX be expected to maintain valuations above those seen at the Sept lows?

Ouch, ouch and ouch again if I am right. Hold your powder Michael. Catching falling knifes makes your accounts bleed red as I am finding out again today.

Edit, I saw you bought on the Full Disclosure thread. Longer term it is hard for me to imagine you will not make money. Maybe tomorrow will be a good day. We are so oversold.

RtS
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