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Technology Stocks : Semi Equipment Analysis
SOXX 313.69+4.2%4:00 PM EST

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To: Donald Wennerstrom who wrote (17558)8/3/2004 10:04:30 AM
From: BMcV  Read Replies (1) of 95663
 
>>The entities that want the "short" cycle would like to see
lower prices before they buy. Maybe when they find out they can't push the prices any lower, they will start to buy. If that happens we should be able to see that effect in the volume numbers.<<

Since most institutional money managers are paid based on relative performance against various benchmarks, once the consensus spreads that the SOX has bottomed, they should pile in for the "seasonal trade" CSFB talks about. They can't afford to be out.
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