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Technology Stocks : Semi Equipment Analysis

SOXX 283.58

+0.3%

4:00 PM EST

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To: The Ox who wrote (913)	8/2/2001 1:13:46 PM
From: Think4Yourself	Read Replies (1) of 95467

I'm not pounding the table to go short, although I do admit I feel it is prudent to take some profits here. The techs could easily go higher, especially if the CSCO earnings are hyped properly. I am pointing out the highly biased media and analysts blindly hyping tech while ignoring the facts, such as the SIA data out this morning. It's been ridiculous lately, and getting worse each day. The higher prices go the more they are hyped, and the more everyone seems to like them. The techs are rallying on the comments from ANALysts, many of them the same ones who held strong buys all the way down. I do agree that folks who blindly follow the analysts and media get what they deserve. There is NO data available that suggests the worm is turning. There is not even strong data to suggest we are at the bottom right now. It's almost all hope and hype. The ML report is chuck full of caveats, like the world economies not deteriorating further, and the tooth fairy giving all the children more money for their teeth.

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