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Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

Nov 28 4:00 PM EST

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To: Donald Wennerstrom who wrote (5184)	8/29/2002 11:42:16 PM
From: Return to Sender	Read Replies (2) of 95489

This post you wrote was hilarious Don. I mean truly great humor. I've been waiting for hours for Briefing.com to post their comments in the Tech Stocks area. Here it is: General Commentary Gains are always more fun than losses, but Thursday's advance was nothing to get excited about... Don't mean to rain on the bulls' parade, but rebound was nothing more than a reaction to very short-term oversold conditions... Let's face it, at Thursday's lows the Nasdaq Composite and the Philadelphia Semiconductor Index had fallen by 9% and 20% in little more than a week... As both indices neared major support levels, it was no surprise to see some technical buying. Unfortunately, the underlying fundamental picture hasn't changed nor have investor concerns over rising tensions in the Middle East and the sluggish pace of the economic recovery... Without improvement to the fundamental backdrop, additional upside will be limited... And failure to make much more progress on upside will reinforce bearish argument that the Jul-Aug recovery was yet another false start. Robert Walberg Seriously Don.. you own a lot of Nokia cell phones. You sure you would not rather own NOK than AMAT? And if you aren't going to upgrade your lab with NVLS equipment maybe you should at least order a few million dollars worth of AMAT gear and figure out a way to make your own cell phones. <g> RtS

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