MB Index of 20 Leading Semiconductor Equipment Stocks Message Board

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Technology Stocks : MB Index of 20 Leading Semiconductor Equipment Stocks

AMAT 236.92

+1.9%

10:36 AM EDT

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To: Mason Barge who wrote (27)	12/11/1997 12:11:00 AM
From: Yakov Lurye	Read Replies (1) of 50

Actually, could be worse considering that SOX broke through 275-280 October-November support levels and went as low as 272. Seloff in semis doesn't bode well for the valuations of equipment providers. With SOX heading up, we should see positive numbers on MB index tomorrow. Longer term, though, the trend is still down. I try to compensate the downtrend by daytrading some of my positions - this week it's LRCX. Bought some today @30.75 and hope to make a couple of points before SOX reverses again. Of course, maintaining a long position in the current bear market is kind of counterproductive. I think you were wise to reduce your holdings earlier - there will be plenty of opportunities to buy back in at better levels. Regards, Y.

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