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Technology Stocks : Axcelis Technologies, Inc. (ACLS)

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To: robert b furman who wrote (147)1/12/2006 8:14:27 AM
From: robert b furman  Read Replies (1) of 195
 
To all on thread:

I guess a post every month or so isn't overdoing it - YAWWN.

With recent price action taking us back into the meteoric heights of 5 plus we all have to be feeling better than seeing this stock sell below book value.GG

stockcharts.com[w,a]daoanyay[dc][pb33!b50!f][vc60][iLh14,3!La8,21,5]&pref=G

The rally in Sox (breakout) and acls looks a little overbought here.

However one could only call this bottoming action.

Nonetheless I'm hoping for an uptrend followed by consolidation.

When you have a dog like acls one looks for sideways action first - at least stop the down trend.

Tomorrow Acls will present at the Eighth Annual Needham Growth Conference(8:00 EST).

Let's hope we get something upbeat out of their dog and pony show.

Last webcast didn't give a lot of hope from foundry orders,but there have been quite a few Capex announcements out there.

Here's hoping Acls is getting some of that business.

I'm going back to sleep now.GG

One thing for sure,if we get a revisit to the low 4's - I'll take that as a final shake out and add to there.

BWDIK

Bob
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