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Technology Stocks : Semi Equipment Analysis

SOXX 312.18

-0.2%

Dec 9 4:00 PM EST

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To: Jacob Snyder who wrote (43768)	3/18/2009 8:15:39 PM
From: Jacob Snyder	1 Recommendation Read Replies (1) of 95546

SOX hit 231 today, 22% above the February/March lows. February's rally failed at 231, Januaries' rally failed at 236. Be Kind To Intel Day seekingalpha.com With today’s move, the Fed has committed to buy or loan against everything from corporate debt, mortgages and consumer loans to government debt, after cutting its benchmark interest rate to zero failed to end the credit crunch. bloomberg.com (The government's right hand bought debt from the government's left hand. I don't understand why this act of desperation caused a market rally.) Oracle Corp., the world’s second- largest software maker, reported third-quarter profit that topped analysts’ estimates after support contracts helped make up for slowing orders. The company also announced its first dividend bloomberg.com Disclosure: sold all my KLIC today, also sold a bit of ASML. Will sell more into this rally, as high as it goes. Buy back KLIC at $1.52 and down, ASML at $15 and down, buy more FAN at $9.10 and down.

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