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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 164.06+3.0%11:42 AM EST
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To: JBonline who wrote (7323)11/13/1998 11:03:00 PM
From: John Metcalf  Read Replies (1) of 10921
 
" Oct. 97 start of the sector-wide price decline. (If I remember correctly, the timing of the decline coincided with a massive closing of margin accounts by some of the brokers right before or coincident with their announcing sector-wide downgrades for semi-equips."

In Oct 97, the Asian debacle became clear and hit the US market in a huge way. UTEK was bid on anticipation of a new product cycle, so was not so clobbered by the prospect of Asian products selling in the US at vast discount.
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