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Technology Stocks : Semi Equipment Analysis

SOXX 299.48

-4.8%

Dec 12 4:00 PM EST

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To: Cary Salsberg who wrote (1678)	1/19/2002 10:10:05 AM
From: Return to Sender	Read Replies (2) of 95579

Semiconductor stocks are rapidly becoming more oversold. According to my latest Silicon Investor RSI Screen for 20% RSI as a maximum there are now 43 of 185 stocks in this group. They are as follows: siliconinvestor.com Note: It is necessary to double check the technical information found on this screen. I do not believe it is accurate but is does show a trend to an oversold status that is not likely to be sustainable. Stock symbols of the 20% or less RSI semiconductor stocks. ACLS ACTL ADI ARMHY ASMI AVNX AXTI CMOS COHU CREE DLGS EMKR ENTG GEMP GTGO HEII IBIS IDTI JNIC KLIC KYO LRCX LSI LTXX MCRL MSCC MTLK NSCT NVLS POWI PSEM PXLW SMTC SSTI TER TFS TIGA TQNT UTCI VIRL VSEA finance.yahoo.com A few weeks ago in early December this screen produced a result of 59 oversold semiconductor stocks. Shortly thereafter the SOX started a run that took it back over 600 for the first time since August of 2000. SOX Historical Pricing: chart.yahoo.com Despite the pullback going on now I contend that this is simply just another buying opportunity as buyers will step up again in anticipation of a better than currently expected recovery for the semiconductor industry. Cary, as for MSCC I appreciate your comments on a rather thin profit margin for the company. Looking back over the past year it seems to me that very few companies have maintained the ability to show a profit at all in this industry. MSCC has been one of them. The company has actually been increasing their profit margin through a better mix of sales. We all have our own methodologies for determining what is a good stock to own and when. In fundamental analysis I prefer to stick to more traditional methods and simply compare the stock to its own historical valuations and industry comparisons using a site like WSRN. MSCC despite a low profit margin compared to a company like LTCC is nearing very compelling historical valuations due to a still unexplained sell off in the stock. Lets remember that enough people were interested in MSCC to bid it up to 39 in early December despite its profit margins. Long story short; I don't want to marry any of these stocks but when a stock falls 90% in 5 weeks without one word of bad news it is either now a bargain or another shoe is about to drop. Do you like any of the stocks that showed up on the screen I ran? RtS

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