Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 162.77

+2.6%

Dec 8 3:59 PM EST

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To: Jess Beltz who wrote (4852)	2/15/1998 3:10:00 PM
From: Ramsey Su	of 10921

Jess, there are two major camps on Wall Street now, those who believe that the Asian impact is already factored into the current market and those who don't. At the moment, it looks like the former camp is more popular. The market tried to correct a few times last week, only to be immediately overwhelmed by buy pressure. Stocks like AMAT, LRCX, TER are totally ignoring warnings. Take LRCX as an example, how it survived the disastrous press release is beyond my comprehension. I too am on the sideline, very envious of the recent rally but unwilling to assume the inherent risk. Based on AMAT's recent release, Taiwan appears to be surviving well and is the only bright spot in Asia for the semi/semi eq sector. How can it be? How are they going to fend off competition from Korea, may be even Japan? Then there is always China with its ambitious infrastructure plans, the HK peg holding, the Japanese banks...... I wish I can share the optimism that the Asia contagion is already factored into the current market. Ramsey

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