Etec Systems moving up Message Board

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Technology Stocks : Etec Systems moving up

ETEC 0.150

0.0%

Sep 8 5:00 PM EST

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To: Henry D who wrote (1019)	6/24/1998 6:25:00 AM
From: robert b furman	Read Replies (2) of 1279

Henry I have rececntly taken maximum full positions in the stocks I have desired;adex,asyt,cohu,nvls,and seg.I hope this is beginning of large rally as this tech stock correction has been very sharp.I am mentally prepared to see a double bottom occur as this correction will have been a most unusual v - bottom if there isn't a test of past lows.I don't see this test happening after July 10 as I expect corp. earnings to generally be good.Keep in mind the big picture still gives us stable downtrending interest rates and historically low dormant inflation - (excellent corporate environment). Next naturally negative scenario is preannouncement season of Q3. This would also provide a better time line for the tech bottom to mature.A very important part of any good shakeout is the time required for it to complete - this must wear on the minds of weak investors i.e." This darn stock is never going to go back to where I bought it ". Double bottoms also introduce the fear of it not holding the past lows .Infact a certain percentage of stocks won't they will in fact make new lows. All these negatives if powerful combine to a transition of ownership that will ensure the 300 -400 percent rise I'm looking for over the next 15-18 months. During this part of the cycle I'd prefer to see it set up as a maximum return scenario so I can reap a better capital gains harvest in Late 99 or the year 2000. IMHO Bob

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