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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 (3062)10/2/2000 10:43:29 PM
From: Pete Young  Read Replies (1) of 3661
 
ps. A better indicator of a possible top is a rush of secondary offerings and/or stock splits

Well, we've had a secondary and stock splits/insiders sells in other SOX stocks. MTSNs secondary left MTSN with $125m, ($6.23/sh) add that to bk ($9.41/sh) and hmmm we get around $15/sh. I do remember '98, however, when MTSN ended up trading for awhile for less than it had in cash/sh. Interesting time. Would've I had been a bit bolder then...sigh. Well, there's always next time.

I wonder if we are going to get below $13? Seemed like quite a bit of support there a few days ago. CFMT kind of fell out of bed on that day, though--indicating someone suddenly reversed on the finality of the merger.

I wonder if what we are seeing in the semi sector is the equivalent of the currency blocks forming (hopefully with more resilience than the euro) worldwide. AMAT being the US, and a yet undetermined name(s) arising as the center(s) for a counterweight conglomeration(s). Wonder when it will all come together? By the time of the next up cycle? Might be worth waiting around for...especially holding some of the pieces.

Pete
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