Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 295.15

-2.3%

Nov 11 4:00 PM EST

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To: LemonHead who wrote (1430)	12/19/2001 2:13:47 PM
From: Return to Sender	Read Replies (1) of 95396

Keith the stock has blown through all support on the downside. The RSI is currently 28.9 which is low. Admittedly it could go lower still. Looking at the chart and the historical pricing we know that TQNT has been as low as 10.25 but 11.50 seems to be a potential level of solid support. Generally when a stock gets as oversold as TQNT is now a bounce can be expected for the stock. Other than the Nokia news there has been very little to get excited about in this industry. That being said I do believe the economy will recover and wireless is the wave of the future. Buying here could be a wise move but then again we might want to be playing RFMD instead since they seem to be taking business away from TQNT. stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14] chart.yahoo.com RtS

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