Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 343.07

-0.5%

Jan 26 4:00 PM EST

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To: Return to Sender who wrote (13514)	2/23/2004 3:03:00 PM
From: The Ox	Read Replies (2) of 95765

I think it's mostly profit taking. The smaller cap stocks appear to have been specifically targeted, since they don't have as much buying support and the 20% drops came as a big surprise based on the news. I think it appears worse then it is in light of the AMAT report. One would think that the good news should support the sector, instead it was part of the triggering mechanism. Personally, I think we are just seeing sell-on-news after a big run but like you said, RtS, only time will tell if there's something worse on the horizon that the market is anticipating. I've read and heard a number of conspiracy theories about the market, most specifically the presidential race (the Dems have targeted the market for a drop) and few other "left field" reasons why we are selling off right now. Most seem pretty far fetched to this observer.

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