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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 164.68+6.2%Dec 18 3:59 PM EST

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To: Gottfried who wrote (9237)1/9/2001 6:15:25 PM
From: Zeev Hed  Read Replies (1) of 10921
 
Gottfried, around the 30th of November I posted that I expect the semi-equip to have a nice rally into the first or second week in January a gain of roughly 50% from the then recent lows. Well, we are in the second weeks of January and most of these stocks have indeed had that 50% rally, I believe that it is time to take chips off the table.

This rally may extend with "fits and starts" until the next FOMC meeting on January 30th, but I would not count on it. I personally have only one semi-euip (bought today at 443 hoping for another run to $47/$49) and may play few additional short term runs like that, but I will be stepping aside before 2:15 PM on the 31th.

Good luck to all.

Zeev
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