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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 159.13-4.4%Nov 11 3:59 PM EST
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To: geoffrey Wren who wrote (10374)6/6/2002 6:44:14 PM
From: geoffrey Wren  Read Replies (2) of 10921
 
Anyone watching this thread anymore?

Three weeks ago the news was good from AMAT, and there was a little sunshine. Lately equipment makers and tech in general and the market in general has been in a rout. Blood in the streets. And more blood tomorrow based on after hours trades.

While there is a problem with tech stocks now in that orders are still dropping or barely picking up, it is hard to believe that the fundamental outlook has gotten a lot worse in the last five months.

I think the major problem now is a psychological depression about investing. You have most investors way down in the last few years, and then on top of that Enron, Tyco, Palestine, Pakistan, Al Queda, uneasiness about the dollar. The shorts can move in strong, because no one will oppose them when a bit of bad news hits.

It takes a lot to change the psychology of the market. I am guessing we might hit 1300 in the Nasdaq. Might be worth buying some quality stocks if they hit 30% down from here. Don't buy too early. Wait for a fantastic price and you might get it. Maybe COHU at 14 (yearly low is 13), with $4.5 in cash, and a good company. Maybe NANO at 13.
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