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Microcap & Penny Stocks : All American Semiconductor (semi)
SEMI 31.41+3.2%Nov 24 4:00 PM EST
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To: stockaholic who wrote (901)7/9/2000 7:49:40 AM
From: Arthur Tang  Read Replies (1) of 952
 
Thank you for the question on semiconductor future.

As you know, transistors used to cost $15/each, when Bob Noyce started Fairchild. They got a $20 million contract from NASA. Today the transistors are not worth much, and the business was $146 billion in 1999. It is projected by SIA based on applications in the progress, to grow 22% early this year. Now they corrected the projection to 31%. Next year the projection remains to be about 21%. And the 2005 projection is impressive.

Solomon, Smith Barney has motives in the announcement. Merrill Lynch downgraded Dell and Dell is in the cellar because of the shorts by Merrill Lynch sold to their own customer. You can see the single transaction on the charts. But shorting a basket of stocks, Solomon, Smith Barney can not support the overall pull back of all the stocks. So, it is just a one day story. DELL stock will be suppressed for two years or until Merrill Lynch can buy back from Michael Dell himself, or their own customer willing to take a loss, to recover all their shorts.

Investment in stocks is not only fundamentals, but how the market is made or destroyed. I am here to talk to market makers so that they don't destroy anything.
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