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Strategies & Market Trends : APMP (formerly APM)

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To: Rudy who wrote (8345)	11/10/1997 6:48:00 AM
From: marc chatman	Read Replies (1) of 13456

* 1 STOCK 1 WEEK * KLAC Long Op. 11/10 If technology issues go higher this week, semi-equipment makers should continue their strong rebound. It looked to me as though KLAC (and some other semi-equips) reversed out of their downtrend last week. The losses on Thursday and Friday seem to be a technical retracement to the trendline, which held nicely toward the end of the day Friday. Friday's decline also seems to have filled the gap up from last Monday. The sector should continue to benefit from INTC's announcement Friday that it's capital expendiiture program should continue as previously planned (offsetting LSI's announcement that it will be cutting cap. ex.). The sector is also a momentum play based on last week's action. I also like AT's pick KLIC, which may be an even stronger momentum play based on last week's movements.

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