Asyst Technologies (ASYT) Good Value/Where is the Bottom? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Donald Wennerstrom who wrote (1733)	9/26/2000 8:00:03 AM
From: robert b furman	Read Replies (1) of 2313

Hi Don, I must admit that the overheated run-up of semi equip stocks in late 99 and early 2000 was a blow-off.I had expected a correction with a second leg that would complete the distribution of the strong hands ( those who had bot in the depths of 98's trough in business).I have been in 80%cash since February and quite frankly did not expect an opportunity to repurchase at these great values this soon. I say that now - but I always buy back in too soon. I tell myself "you must wait until bllod is in the streets".But at these prices value has certainly re-entered the market. Is it reasonable to expect that book value is now the next entry point or should one hold out for the ridiculous (cash value). I remember ASYT selling at a presplit 5 !!! and Cohu at a presplit 12!!! I also remember these companies having no order banks and the sector was officially declared dead money.With order banks high and expansion plans being implemented the shoe just isn't fitting well. Actually I'm getting excited about the value because it is relatively good - not a no brainer like before - but none the less it is GOOD value. I think??? I look at the blow-off tops that were put in and it seems way too soon for a serious bottom to have been put in here.It also seems like way too deep a correction to expect a second wind or leg to miraculously bounce up out of this stock sector price decay. (Mr Market is known to surprise at times) Still the sector's robustness remains arguably intact. Does anyone out there have a cure for my vertigo? My only game plan is don't over commit - keep some powder dry - but taste the value and begin reaccumulation. Not a complete jump in the water - just a drink. The blood's not on the street yet ( I'm waiting for a vix spike and capitualtion - I remember that too ).Maybe this blowoff top has one heck of a price to be paid by all who don't like cash? What say ye guru's? I've got an open mind! I think? HEHEHE Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next