Semi-Equips - Buy when BLOOD is running in the streets! Message Board

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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!

LRCX 139.60

-6.2%

Nov 20 3:59 PM EST

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To: Math Junkie who wrote (8880)	10/21/2000 7:27:04 PM
From: Jacob Snyder	Read Replies (2) of 10921

Yes, you're right. Bookings continue to go up for several months, after the stocks have peaked. That's because smart investors have noticed things that will, within a few months, start to drive bookings down. And valuations are stretched, so people are nervous. But, assuming April was the stock peak of this cycle (I'm not sure of that), bookings shouldn't still be going up. We should have seen at least a flattening (topping pattern) in bookings by now. On the other hand, the trough in bookings very closely correlates with the stock trough. However, since the final bookings numbers aren't out till months later, and you need to see one or two months of increases to know the trough has happened, it still is a lagging indicator. Good for confirmation, not so good for timing purchases. JS@trackingtheholygrail.com Gottfried, I just wanted to thank you again for all your wonderful charts.

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