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Technology Stocks : Semi Equipment Analysis
SOXX 301.15-1.2%Dec 31 4:00 PM EST
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To: rhering who wrote (13474)2/22/2004 8:13:53 PM
From: Gottfried  Read Replies (2) of 95656
 
Roger, from my observations of TA of the indices I get a little concerned, but reading most of the pundits that concern hightens. I think now many of them sold [or advised selling] and are now trying to talk stocks down for a lower re-entry.

One was quoted in Barron's and said he'd be a buyer after a 10-15% Naz correction. That doesn't sound like he thinks stocks are overvalued here. You don't buy overvalued stocks at a 15% discount - hoping they'll get overvalued again.

Gottfried
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