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Technology Stocks : FSII - The Worst is Over?

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To: H James Morris who wrote (1442)9/15/1997 11:17:00 PM
From: Donald Wennerstrom   of 2754
 
James,

Sounds like you got into the tech sector (semi-equips) at the right time and probably getting out at the right time. In looking back over the charts in the semi equipment sector, the group as a whole, started moving in the middle of April to the first week in May. There have been some fantastic gains since then for many stocks, much more than I have shown in my list, since it starts at the beginning of June.

Again, looking at the group as a whole and generalizing, the last 2 to 4 weeks have shown a "faltering" of most, but not all stocks in the group. Some of them have lost significant ground while a few have continued to increase. You may be right about the substantial pullback in the technical sector (and maybe elsewhere as well!).

Anyway, have a good time in the UK and will look forward to hearing from you when you get back. With your track record, please let me know when the "market" is ready to take off again so I can go along for the ride! <gg>

Regards,

Don W.
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