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Technology Stocks : IDTI - an IC Play on Growth Markets
IDTI 48.990.0%Mar 29 5:00 PM EST
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To: Norrin Radd who wrote (6222)2/1/1998 11:35:00 PM
From: Rob S.  Read Replies (1) of 11555
 
The TA on the SOX does look good. I think we are still in for another run of earnings revisions for semi equip companies within 10 weeks. That could throw some negatives into the semis as well. The Asian situation will take a while to play out. Still, the semis are one of the most attractive groups and interest rates should stay low, drawing more money into the equities. I'm not looking for a strong bull in the semis until latter this year. If we get one now, I will probably be shorting some stocks by the end of June.
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