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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

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4:00 PM EST

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To: zonder who wrote (7296)	11/28/2002 12:31:12 PM
From: robert b furman	of 95536

I 'll just talk for my self. I've been accumulating Cohu since October 2000.Buying on dips with Vix spikes. I've had some short term gains which I usually apply against my worst purchases around tax time. At the worst of the market bottom - I was upside down by 33% of my total purchases - right now after this nice Rally I need about 7% and I'll be at breakeven. My holdings are: Cohu KVHI SBSE Orcl JDSU In all cases I'm within a point or two at max from my average. I don't ever expect to buy perfect or sell perfect. I'm a long term positional trader. I have a fulltime day job with a bad habit of watching the market.gg If this elusive bottom continues to drag on - I will quite happily continue to accumulate great stocks at good value. I truly believe stocks go thru four phases: accumulation mark up distribution selloff - decline I am most comfortable buying stocks during accumulation. I hate chasing stocks in the mark up - this is where my biggest losers occur as I'm a lousey daytrader Distribution I've been able to hit correctly for the last several major cycles.I've left a lot on the table - but took a nice chunk too.When I do I leave a margin balance so I'm not tempted to get back in too soon - which I manage to do anyway - but in a smaller way. Sell-off - I dream about shorting but seem to have cold feet on holding a short long term - most likely lack of experience and for sure not that mental preference. I initially learned from the Ted Warren approach and I think very highly of William O'Neill's volume studies of markets and cup and handle breakouts. Bob

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