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Technology Stocks : FSII - The Worst is Over?

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To: Kent Sarikaya who wrote (1256)7/24/1997 5:11:00 PM
From: Sparky65   of 2754
 
Personally, I think it is the whole semi sector. In 1995 FSI did $1.25 a share. Estimates for next year are around $.77. Now, if the market is truely in an upward trend, and we all know that the semi industry is by far the most cyclical of any, then would'nt $.77 seem a bit conservative.

I haven'nt read the news today but AMAT, KLAC, LRCX, Etc... were all up big today. Did some BTB news come out today?

This momentum is definately different than the last two times this stock hit the $18 area. Additionally, the stock hit $18 7/8 today, it has'nt been at that level since 1-96. If I am a betting man, I don't think this stock will slow down anytime soon. I would look for $20 very soon and $25 in the next 6 months. I believe earnings will warrant those prices.
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