Novellus Message Board - Msg: 15328265

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Technology Stocks : Novellus

NVLS 2.400

+2.1%

Jul 24 5:00 PM EST

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To: Henry D who wrote (3178)	2/9/2001 3:20:22 PM
From: robert b furman	Read Replies (2) of 3813

Hi Henry, I'm really beginning to think we have a Sept. 1998 double bottom coming. Rumors of no recovery in 01 with layoffs and pre-announcements could shake Cohu to 12 and Nvls to 25- 26. All so quick it would spin your head. Today is distribution day no doubt. MANY 10 moving averages crossing below the 20 day MA. Lookout below - interest rates aren't a quick fix and a possible shakeout can all be done before the next earnings announcement. All this with the almost universal knowledge that a turn won't happen till at least Q2 and a big if would still ride on Q3!! Plenty of room for a VIX spike. Very possible in light of Generals not doing well.Csco,Msft,GE,Intc - It's not a pretty world out there and earnings are proving it. You may get your wish entry points on a very quick dip!?! Bob

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