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Technology Stocks : Semi Equipment Analysis

SOXX 304.92

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To: Gottfried who wrote (9936)	6/1/2003 1:28:57 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 95648

>> But it does make me realize 'sell in May...' is far too simplistic. Gottfried, actually the rule is "if the market has gone up 20% on expectation that 2nd Q earnings will be a positive surprise. Then if the earnings are disappointing, selling in May would have been the profitable thing to do." The rule is still very good, but the trick is to know in advance whether 2nd Q earnings will disappoint or not. Sarmad

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