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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

4:00 PM EST

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To: scott_jiminez who wrote (6620)	11/2/2002 8:07:33 AM
From: JSLyons	Read Replies (1) of 95526

Hello Scott, Thanks for your thoughts on the latest run. Two things, however, might be worth noting. First of all, the stock market is widely touted as a leading indicator -- many would say THE leading indicator. At some point -- and I am not prepared to say that we have reached that point -- stock prices will turn up when all else looks bleak(est). Second, the smaller companies that many feared were headed for possible BK have rallied the most fiercely. Investors now seem to think they will survive the downturn and fight another day. My own holdings in this category -- AXTI, VTSS, GGNS, ASYT and even KLIC -- have led the charge in the last weeks. Rgds, Jonathan

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