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Technology Stocks : Semi Equipment Analysis

SOXX 348.14

+3.2%

4:00 PM EST

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To: michael97123 who wrote (14109)	3/19/2004 7:53:02 PM
From: Sarmad Y. Hermiz	Read Replies (1) of 95748

That's a beautiful song Michael, as are so many of Paul Simon's lyrics. Re market. We're reaching an important milestone. But we haven't crossed it yet. That's the end of warning season. Several times we're getting to a day when there should be massive margin calls, yet the market goes up that day. (I'm beginning to entertain suspicion of intervention. Especially since the market goes down the following day, as though who ever intervened quickly unwinds the positions). Anyway, we still have 20 days to go. And as many opportunities for some event to cause a massive down day. I don't think there's any chance of market-helping political news. So we just have to hold on till the quarterly reports come along to save our long positions. As I've said before, I think we'll just continue to scrape along at this level till then. Employment will not improve. US foreign policy will continue to unravel. Deficits will get bigger. But tech stocks will not go down further. Because their earnings are increasing, even with all these problems. Well, I hope we can keep despair at bay up until then. Sarmad

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