Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 288.52

-0.3%

Nov 14 4:00 PM EST

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To: Donald Wennerstrom who wrote (5447)	9/19/2002 9:44:29 AM
From: Return to Sender	Read Replies (2) of 95420

A note from Briefing.com on the btb: 8:40AM August semi book-to-bill better than expected - Bear Stearns : Bear Stearns Ripple Effect says that last night's Aug semi book-to-bill report was better than expected, saying it indicates a moderating of orders rather than a rapid decline, and may lead to a slightly positive reaction from semi stocks. Aug book-to-bill came in at 1.14, with front-end at 1.23 and back-end at 0.77; July's ratio was revised up to 1.22 from 1.16. I covered my short this morning on MCHP. The equity put to call ratio has been way over one for a couple of days at the close. This could mean a rally will come soon. Not to say it will last very long. Also triple witching tomorrow so we should have loads of volatility. RtS

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