Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

Dec 8 4:00 PM EST

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To: Return to Sender who wrote (6428)	10/24/2002 8:47:28 AM
From: Sarmad Y. Hermiz	Read Replies (1) of 95536

>> We have a rally that is not at all largely supported by anything being seen in today's press releases. RtS, your remark was from Wednesday. But I think today's labor news release will be very positive for stock prices. Basically it shows strong continuation of reduction in new unemployment claims. This trend started several weeks ago, and of course one couldn't tell if it was an aberration or an actual improvement. but more and more, it looks like the reduction of unemployment has started. I really think the short side is a cooked goose now. story.news.yahoo.com "The moving average, which smooths out those week-to-week fluctuations, fell by 5,500 last week to 404,000. That was the lowest level since Aug. 31. " Sarmad

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