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Technology Stocks : Semi Equipment Analysis
SOXX 333.30+0.9%Jan 13 4:00 PM EST

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To: Return to Sender who wrote (17505)8/1/2004 1:36:08 PM
From: robert b furman  Read Replies (1) of 95713
 
Hi RtS,

WHOA - Way too bearish!!! GG

This last weeks waning price decline may be time for reversal city.

Note on Don's recent group statistics that the blue chippers appear to be leading.

When Intel,Csco and Mr Softee shakeout and begin to provide leadership you won't be seeing these money makers at below book value - unless of course you want to sit out this whole next move to a topping process.

The kind of viewpoint you have takes us back to 2002.Back then there were no orders, no visions,no guidance.

Now we've got nice profits at lower revenues and backlogs that give us guidance into next year.

Have you forgotten how much we craved this wonderful type of scenario back in 2002?

You've got to get bullish not bearish here.

Stocks go up in price when they make money and grow.

Thes guru's have never guessed a cycle peak in the past.

The CEO's are saying they don't see what these Guru's do.

These are the guys that wouldn't even offer an opinion a year ago - noe they're pretty vocal about the Guru's being wrong.

I've enjoyed posting to you for years.

I think you are overly bearish here.

Could it be you're not long and hoping for a re-entry point that might be unreasonable.

Time for some risktaking my friend.

JMHO

Bob
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