Semi Equipment Analysis Message Board

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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: robert b furman who wrote (17749)	8/7/2004 10:31:39 AM
From: Sarmad Y. Hermiz	Read Replies (1) of 95640

Hi Robert. >> I like the fast price deterioration - it denotes a bottom coming and capitulation of those who bought too high (recently). Yes, I think so. But the market is not driven by price and value right now. It looks more like fear and downward momentum. When will the down trend play itself out ? I think we have to be ready to tough it out until October report season. Oil should drop by labor day. Maybe we can run on fumes until then.

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