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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 158.70+1.0%Dec 5 9:30 AM EST

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To: Stu Bishop who wrote (3818)12/14/1997 9:19:00 PM
From: Proud_Infidel  Read Replies (1) of 10921
 
Re:Both Barrons and Fortune have new issues which tout the semi equip companies as bargains.



In times like this, SENTIMENT is the overriding factor IMO. Regardless of what these journals think, nobody wants to own these stocks at the moment. Positive news in the equipment sector led us up the the August highs and fear over recent developments has pummeled our beloved stocks to their current levels. I believe before we see a reversal and a new upward trend for this sector, some + news must come out. There has been some recently (i.e. Worldwide Chip Sales for Oct.) but the earnings preannouncements are obviating any good news currently out there. I believe we are at OVERSOLD levels but also thought so when AMAT-$32 and SFAM-$28. Lately, my opinion seems to be worthless to Mr. Market and my portfolio shows it :-((

Regards,

Brian
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