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Technology Stocks : Semi Equipment Analysis
SOXX 299.81+2.7%4:00 PM EST

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To: Return to Sender who wrote (6772)11/6/2002 11:31:25 PM
From: Donald Wennerstrom  Read Replies (2) of 95611
 
Yes, INTC was "knocked down" 16 percent from one day to the next, but it has been "on fire" since then as well as the rest of the stocks. Over the same 20 day period referenced earlier, INTC is up 42 percent even though it was marked down 16 percent on one of those days.

This rally off the bottom is just like the rally in Oct 1998. Nothing has been able to get in its way so far. Don't know how much further it is going, but today was another strong day. Every time a company puts out bad news, the next day it is down, but then the following day it is off and running again.

CSCO may have turned the tide today - their report was not all that good with respect to the future - they don't have visibility, just like the rest of the companies.

We might see some market pullback here in the very near future.

Don
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