Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 296.20

-0.6%

4:00 PM EST

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To: Sarmad Y. Hermiz who wrote (6945)	11/19/2002 8:35:34 AM
From: robert b furman	Read Replies (1) of 95580

Hi Sarmad, Handles are the thing of great anticipation and light volume. I didn't like yesterday's slight uptick in volume - but I'm not throwing this pattern out as over yet either. Handles are intended to unnerve the buyers at the bottom.Sort of the emotion you are describing.I like the price action of stocks in the face of bad news - ie. AMAT up on poor future vision. I think it is very possible to surprise here. Money Funds are paying less than 1% - some maintenance fees are actually creating principle loss. The money has to go somewhere - Bonds are at a 41 year top, Money doesn't pay enough to cover expenses.That leaves Gold and equities. BWDIK Bob

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