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Technology Stocks : Applied Materials No-Politics Thread (AMAT)
AMAT 256.40+1.1%Dec 19 3:59 PM EST

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To: etchmeister who wrote (14453)4/16/2005 3:50:07 PM
From: robert b furman  Read Replies (1) of 25522
 
Hi etch,

Besides crude oil is down to 50.00 and change on the day of expiration (usually closes out high on expiration) and interest rates have slipped to 4.24 on the 10 year - it had peaked around 4.60 after it broke through resistance around 4.48- 4.50.

Looks to me like rates and oil are down - it could well be a continuing trend - especially if the recovery slows.

In the face of this "soft patch", PC unit sales have come in a surprisingly strong up 10.9 % in Q1,05.

That's a lot of memory and a lot of processors.

Could be this slow down is only really impacting the consumer who is suffering from the oil patch tax.

If so,tech could be the next sector to benefit from a rotation out of oil and resources.

Bob
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