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Technology Stocks : Semi Equipment Analysis
SOXX 305.32-0.2%4:00 PM EST

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To: Donald Wennerstrom who wrote (17768)8/7/2004 4:32:47 PM
From: Return to Sender  Read Replies (1) of 95645
 
From October 2002: Finally, Briefing.com contends that the Nasdaq is very near a long-term bottom. There's been no reason to move aggressively on the takeover front as long as prices were coming down hard. Let's face it, who wants to pay $100 bucks today what they can buy for $50, $40 or even $20 tomorrow? But once prices stabilize, or begin to go up (yes it is possible), look for the CEOs to start doing some bargain hunting of their own. Given that the Nasdaq has lost nearly 80% of its value in just the last three years, Briefing.com not climbing out on a limb when it suggests that the worst is already over and that a meaningful rebound is probably closer than most investors think.

Message 18094901

Don, I know you are having a bit of fun with me. That's ok by me. But you are right we need as many sources as possible announcing that the market is bad and getting worse. Unfortunately Briefing.com is not one of them. I actually agree that Briefing.com is probably right about a short term bounce coming up. Unfortunately that's all it will be in my humble opinion.

RtS
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