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Technology Stocks : Semi Equipment Analysis

SOXX 306.04

0.0%

Dec 26 4:00 PM EST

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To: Proud_Infidel who wrote (13725)	3/4/2004 12:54:46 PM
From: Return to Sender	Read Replies (1) of 95640

Brian, you cannot have it both ways. If you admit 2000 was a bubble for other areas of the market then it was a bubble period. That bubble made for higher than normal stock prices in every industry or sector. Trying to suggest anything else is just rationalization. We all think highly of this industry. It is real but it is cyclical. We had a bubble in 2000 that begot stock prices higher than they are now. There is no guarantee that stock prices will approach those lofty levels any time soon. Look at these charts and tell me that we have not seen high levels of institutional selling in this sector since September: investorshub.com Could that change? Sure we could breakout higher soon enough but when we do I will look at these stock prices as a secondary bubble rather than realistic fundamental valuations. High tech stocks do not necessarily deserve a premium to old line industrials. History has proven again and again the folly of chasing stocks simply because they once had higher prices. RtS

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