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Technology Stocks : Asyst Technologies (ASYT) Good Value/Where is the Bottom?

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To: davidtrx who wrote (2242)8/7/2004 2:37:36 PM
From: WebDrone  Read Replies (1) of 2313
 
So you are looking for a bottom of about $4.02, unless some calamity strikes?

I'm assuming that you are a TA kind of guy. This is good stuff, imo, because it tells historical prices and market sentiment on what people think the price should be. Also, to the extent that people believe in TA, it becomes self-fulfilling. I think that long term, future value becomes recognized- so even though I could see this thing going to $3.50 or so, I can also see $20 within a few years, so now I'm talking myself in to a nibbling strategy.

What is beginning to attract me is that this is a beat up sector and this stock has been downgraded recently by a bunch of experts. In the bad old days, one hoped that these guys were crooks, downgrading behind their sales and upgrading after their buys. Now I think they are just doing the best they can of a nearly impossible job.

Long term, I think big scale automation has a long way to go.

So now I'm looking at ASYT and BRKS, and I'm starting to think maybe both.

And I'm starting to think that October might come early this year... know what I mean?

Y'know- it's sometimes very helpful to thinking by writing thoughts down. Y'all jump in here- esp. thoughts on brooks vs asyst.

Webster
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