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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%Dec 8 4:00 PM EST

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To: Pink Minion who wrote (6591)11/1/2002 11:48:20 AM
From: Sarmad Y. Hermiz  Read Replies (1) of 95536
 
OT

>> You all remind me of Charlie Brown trying to kick that football. Lucy will let you kick it this time.

SemiBear,

I agree with most of what you say, except about stocks. I think your pessimism re stocks is maybe misplaced. Have a great day. I hope you're not short anything going into today.

I will ask you to entertain this one idea. That stocks will not go down if earnings are expected to go up. Regardless of valuation. As hard as that is to accept, I think it is true. Think of it as normally intelligent people whose vision is obscured by hopes of capital gains. We'll be in one of those periods for several weeks.

Regards,

Sarmad
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