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Technology Stocks : Semi Equipment Analysis
SOXX 299.67+1.5%Nov 12 4:00 PM EST
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To: Donald Wennerstrom who wrote (12005)10/9/2003 9:46:43 PM
From: Sarmad Y. Hermiz  Read Replies (1) of 95406
 
Don,

The planets are lining up perfectly. It's time to swing for home runs. Remember when we conversed a month ago and we guessed that the Q3 earnings season will come on the heels of a good Labor report, which would be a perfect one-two punch that would knock out the shorts and propel NASDAQ to 2050 ? Well, I thought that would take Altera to 25.

That brings us to the home-runs. You wanted to know about stock just before they skyrocket. How does one find a stock like that ? Very simple. Find a stock whose steady upward trajectory is interrupted by some totally bogus analyst report that drops it 20% or 30%. Buy it, and wait until the non-sense is dispelled. The stock will make up lost time and resume where it left off.

Regarding ASIC's and FPGA's. Each has its place. It is impossible to believe that in this environment where vendors are wary of overhead, and where obsolescence is so fast that no-one can afford set-in-stone design, that anyone would convert their design from FPGA to ASIC.

So I consider the drop in Altera as a great buy-opp. And I took advantage of it in a major way the past few days and today.

Well, anyway, that's how I console myself.

Sarmad
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