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Technology Stocks : Mattson Technology
MTSN 3.6000.0%May 12 5:00 PM EST

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To: John Stewart who wrote (3027)9/15/2000 9:34:09 AM
From: Philip W. Dunton, Jr   of 3661
 
John S. Frankly, I am disappointed with the quality of the sector's recovery rally from the recent lows that has now petered out thanks to INTC and MU. The volume on the upside was light and the pullbacks, in some cases, have been too extensive. The action in AMAT and LRCX is particularly troublesome. There's support for MTSN at 15 (which I expect to hold for now) and more extensive support at 12. I guess it just depends upon how grim things get for the group but there is a lot a negativity out there right now. Good luck, Phil
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