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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Tom Trader who wrote (4057)	9/15/1998 11:43:00 AM
From: Stoctrash	Read Replies (1) of 44573

Still short..1030.33 is the P8*Stop into 12:30. re:CYMI, well I really thought we would get a bottom in the semi biz before year end. But now it looks like next Spring if not next Fall. This is what a friend of mine at A BIG semi equip company had to say the other day. He had be fairly optimistic only a month or so ago: "My guess for AXXXX is: next two quarters 450-500M (down from 600M this quarter...which is down from 1.2B last year). Potential lay-off in January of 750-1500. The seminconductor business will probably see a ray of hope some time next year ... late spring, early summer at the soonest. I don't expect the business to skyrocket, but speculators will help to boost XXXX up at times. The world economy is the big factor. If it continues downward, don't expect the semiconductors to pull out of the mud as quickly as predicted. I want out of the semi business. I'm doing the "I've just turned thirty this year and don't like the direction that I've taken in life" re-assessment routine.

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