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Technology Stocks : Semi Equipment Analysis

SOXX 342.47

+1.6%

Jan 16 4:00 PM EST

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To: Donald Wennerstrom who wrote (23028)	4/29/2005 11:54:25 AM
From: michael97123	Read Replies (1) of 95738

Hi Don, It has become too embarrassing for the bulls to be bullish anymore. The bears have eaten our lunch at a time where many of the stocks we follow should have risen to new highs much less make new lows. So the bears get the press. They are the new geniuses and we sit back like folks did in 1999 not bothering to warn them of their excesses for fear of being ridiculed. Y2K redux/reversed. For me KLAC is very painful. When i first saw it, along with msft, i thought that tech would lead the rebound today. Instead tech leads the decline except for google and yahoo which are reasonably valued according to the analysts. I hope this doesnt make sense to you because it certainly doesnt make any sense to me. Mike

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