Helix Technology, a cold play on semiconductor equipment Message Board

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Technology Stocks : Helix Technology, a cold play on semiconductor equipment

HELX 36.78

+3.3%

Nov 21 4:00 PM EST

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To: mopgcw who wrote (1145)	4/28/2004 8:15:59 AM
From: robert b furman	of 1227

HI Mop, Tech and semi's in particular are stinking up the joint here. No doubt we're seeing the fast money roll to the hot Biotech play ground. Tech has had a nice run, but earnings have recovered and forward visions are really getting better as well. I think we are in the retest of the March 22-24 lows. Most tests require minor voilation of the previous lows - they are most effective in shaking out the weak owners. I still think that is what's going on. NAZ,DOW,S&P are still holding nicer than this sector. Stocks right at the 3/22-24 low now are: A Stocks below the 3/22-24 lows are :Amat,ltxx,Klac Stocks still above the 3/22-24 lows are:Msft,Intc, Dell,Nvls Just of the few I watch ,daily big cap semi's stink the worst? Note Amat has not reported yet and probably will be one of the strongest. Usually I give a minor violation 2-3 days to dip below lolly gag around and hopefully pop back up with a vengence. These stocks are all banks, and have all announced better earnings and a better future. The single most powerful action that prompts buying and/or selling is price action. I try to do the opposite of price action. This is a time of determined accumulation - the lower it goes - the more I buy. Don't get in trouble with too much margin and then be patient. There is a huge amount of planned expansion to occur in 04 and 05. Price action seen so far is not a top - it is low volume shaking and accumulation by well funded funds with fresh money. Lets ride their coattails. HOLD WITH CONFIDENCE !! Bob

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