Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 296.92

+0.1%

Dec 1 4:00 PM EST

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To: Gottfried who wrote (4379)	7/28/2002 6:26:04 PM
From: Donald Wennerstrom	Read Replies (1) of 95503

They may eventually go lower, but I have been looking for a good "bounce" here which has not occurred. I keep thinking we should get a "relief" rally - about a week ago I thought we would get one last week, but I was wrong. Not only was I wrong, but the "forces that be" made sure that it got really bad. I do think, however, that the further we go down now, the better the rally that will eventually show up. "They" have a lot of power right now - the environment is dripping with pessimism. All "they" need to do is to continue to put out downgrades for the semi-equip sector, and the stocks therein, plus continue the lowering of earnings estimates. The rubber band is stretched pretty tight, but it might go further yet. Don

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