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Technology Stocks : Semi Equipment Analysis

SOXX 298.01

-0.5%

Dec 15 4:00 PM EST

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To: Sam who wrote (48039)	6/2/2010 1:32:28 PM
From: Kirk ©	of 95579

"“The market is underestimating the strength of the fundamentals and overestimating the impact that the European sovereign-funding issues will have on growth,” Jeffrey Currie, a Goldman Sachs analyst, said in an interview from London. He says the decline is a “buying opportunity.”" I agree 100%. I also wrote on my blog of buying back some of my LRCX shares I sold in 40's at $37.00. Since that article, I bought double the number of shares for my personal account at $35.50 AND bought more for my newsletter explore portfolio at the same price with an automatic limit order so I'd not chicken out when the market plunged to my support line........ a VERY valuable technique. -grin- Knock on wood, but those buys look good now with LRCX nearly at $38.50 Also, I don't recall much fanfare from the pundits about the FOMC's improving estimates here federalreserve.gov Scroll down to the table and note that ALL estimates improved (for bulls) for 2010..... higher gdp growth, lower inflation, lower unemployment... yet the market seems to act the opposite.

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