Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Return to Sender who wrote (10160)	6/17/2003 11:33:23 AM
From: robert b furman	Read Replies (2) of 95531

Hi RtS, I think one has to give credit to a substantial short squeeze that is being quite relentless. Undoubtedly due to the past high levels of short positions. This is the fuel that is grinding the market higher. The next tough call will be: Is the market / economy on the mend enough to provide backlog growth in Q3? If so,as you predict - I also think we will have the 50day moving avaerages dip towards the 200 - when price bounces on the 200 dma's we'll know about institutional support. That will be the last great time to buy the value on these financially strong and quite downsized companies. JMHO Bob

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