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 156.84

-1.8%

3:35 PM EST

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To: Gottfried who wrote (9734)	4/18/2001 1:07:37 AM
From: Jerome	Read Replies (1) of 10921

Interesting phenomenon *** no visibility....and a probable stock rally for the near term. And this is the crux of the problem. If Jacob's interpretation (slow economy...long term... slide...buy puts instead of leaps..... 1929, 1987 revisited....) then there is absolutely no reason for there to be any near term rally. But this is exactly what we are seeing. Could it be that there was a major misinterpretation of the market? Could this be a bear market looking for a reason to rally. INTC may have provided the proper spark. The over emphasis on CSCO and their falling stock price caused investors to take their eye off the ball. John C has already pointed out that the Nasdaq currently has a negative PE. Others have maintained that the SOX could get chopped in half again, while I maintained that it was very unlikely. Should AMAT really be at 20, and INTC at 12. I don't think so. That would put CSCO on a relative basis at about 5 or 6. I said in a prior post that Jacob was less than correct because his argument was so logically sound and could not be refuted. His viewpoints are shared by many.But the market just isn't logical at any point in time. It was not logical on the upside and so I would conclude why should it be logical on the downside? Has Jacob or any other thread viewer got an answer for this? So if the perma bears were wrong in their interpretation of the market gyrations, who was right? If one were to take some time and read back about 500 posts, You would have to give Brian K. the perma bull recognition for his calls about things being better than they seemed. What caught my eye this past week were the sell prices that Cary S. put on his stock picks. All his picks were just a two day rally away from the sell mark. And then he mentions that he is only using 10 to 15% of his assets to make this play. But if an investor uses 10% or 90% (as I do) of his assets to make a play in the market, the objective is exactly the same.(wind up with more than the starting hand). My prediction is that the semi's break to a new trading range a little higher then the current one, that will drive the shorts to distraction. Because Logically they are correct. So why will not the market co-operate? Jerome Jacob and Cary S has made many fine postings, and I have learned much from them. But I disagree with their outlook.

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