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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 162.25-1.7%3:59 PM EST
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To: $Mogul who wrote (9708)4/14/2001 10:08:05 PM
From: Jerome  Read Replies (2) of 10921
 
I see the SOX at mid to high 300's to happen in 2001.

That is wishful thinking on your part. If you look at the 16 stocks that make up the sox and just took the big cap names.. (INTC, LSI, AMD, AMAT) ... the assumption would be a 50% reduction from current prices. Keep in mind that the smaller cap stocks in the Sox would have to fall about 75% more from where they are now, to achieve a high 300 SOX. Because the sox is a basket of just 16 stocks, it would take something like the bankruptcy of AMD, LSI, and AMD for these levels to be achieved.

At these prices for the sox I would feel a safer with a long position than a short one.

Jerome
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