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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 231.30-1.6%Feb 12 3:59 PM EST

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To: D Edwards who wrote (2268)6/14/1997 9:32:00 PM
From: Jerome   of 10921
 
Thank your for the information on the Semi-Equipment stocks
and their future prospects. It still all comes down to earnings
and market sentiment.
We all have ideas about earnings probabilities, but we have no control
over market sentiment. And market sentiment is more important than
earnings, BTB, Technological Achievements, and Balance Sheets. Thus
Microsoft and Gillete have P.E.'s over 50 while the companies we favor
languish with low P.E.'s. For this I know of no resolution except that
market sentiment changes more often than a long tenured politician changes
viewpoints.
Mr. Edwards, would you or your friends know of a worthwhile
formula for determining risk-reward ratio's. Nothing that I have read
so far seemed uncomplicated or easy to digest. Iam leary of complicted formulas
formulas because life was ment to be simple.

Sincerely,

Jerome
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