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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 672.07-1.7%Nov 13 4:00 PM EST
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To: Johnny Canuck who wrote (28603)10/2/2000 1:56:13 PM
From: Suresh  Read Replies (1) of 67926
 
Harry,

nope.. I'm not expecting anything big wrt equipments... in the short term. Just that they have reached a value where risk/reward situation favors the longs Vs. the shorts. BTW, my equipment guy still thinks that AMAT is overvalued, NVLS is expensive but they have reason to be and PRIA is the most undervalued company in his space. COHU remains undervalued no matter where we are in the cycle :)

Later,

Suresh

(Edit)PS: BTW my commitment to these stocks would be for next 3 years... not short term.
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