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Technology Stocks : TNCR, the MOST Undervalued Semi-Equipment Stock
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To: Canoga Slim who wrote (306)9/16/1996 5:26:00 PM
From: Paul Moerman   of 362
 
I don't think this is THE corner, yet.

Just a nice, pre-election rally that might go another 5% or so before it ends. Good opportunity to write covered calls or lighten up positions, if one believes as I do that the market will likely retest its July lows by early 1997.

Just about everything is up on a day like today, and with plenty of volume. I think earnings warnings and the MOT and MU announcements this month will be good indicators of how resilient the tech sector is, or is not <g>.

Paul
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