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 160.52

-4.9%

Dec 12 9:30 AM EST

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To: Robert Douglas who wrote (9440)	2/5/2001 2:08:57 PM
From: scott_jiminez	of 10921

Actually, I believe the term "blood running in the streets" was coined to describe the losses that investors were undergoing and not the losses at the companies. This may seem like a silly distinction, but at times they are quite different. The opposite of silly. It is PRECISELY the point. Many investors will bail at the worst possible time...thereby exacerbating the decline. The blood. (Conversely, many investors will wait far too long to re-enter the sector - thus the usual bubble at the peak). Many of the companies may NEVER show a loss...but the rate of earnings growth will reverse. And all the other claims regarding waiting and the definition of 'blood' are based on the same degree of hubris that I display: that investors will 'know' when the time is to go long or short in the sector. Going short the equipment stocks now is based on the same logic as going long last spring (which just happened to be the exact advice many participants on this thread advocated): it's the 'obvious' thing to do. This thread has proven time and again that the majority stance is not a prudent investment outlook.

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