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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: Gottfried who wrote (4326)	7/26/2002 10:06:52 AM
From: Kirk ©	Read Replies (1) of 95397

Kirk, your suspicions sound reasonable. Maybe some day we'll find out how they do this. If those guys all know each other, it would be very hard to prove. "we're out of the semi equips and they're too expensive. How can we buy them cheaper? <wink>". Ever play "crack the whip" as a kid? This is where you get the whole school yard to hold hands and the leader goes here and there. The closer you are to the front, the easier it is. The kid on the end usually gets tossed and a skinned knee when the leader "cracks the whip" which is a change of direction. I think the Brokerage houses are like lemmings and the mutual funds are the same. They are paid to beat the market so they can't afford to get too far astray from the market... IF a biggie changes direction, then they don't want to go against the herd... The individual investor who gets his or her information from radio and TV shows and has no idea of valuation is just like the poor kid at the end of the schoolyard snake. I think what Cary and I try to do is judge just how large the school yard is which gives a range to how much the whip can snap, but we don't know for sure if the whip will traverse the full range so we buy at incremental targets and sell over incremental targets... Kirk PS 5 straight days of 2 hrs or more of good windsurfing on the Bay! My portfolio has been crunched the last few weeks with this capx correction but I still get to smile after a good afternoon of windsurfing. I hope you are getting out too. Some things ARE more important than money. <G>

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