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Pastimes : From A to Zeev" -- SI Sacks Zeev

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To: Logain Ablar who wrote (550)12/5/1998 12:03:00 PM
From: Zeev Hed  Read Replies (2) of 708
 
I think that the SOX in general needs some rest here, and expect to see by the middle of next week (after an attempt of the market to make a new high?) to see another period like we had earlier this week, this time, I do not think the sox is going to do that well. ASMLF seems fairly priced here, considering that estimates for actual earnings next year are under $.4/share. I think there will be another opportunity to buy in the mid 20' very soon. There is very strong resistance in the 35 to 38 area, and I do not think that on the current bull move in the equipment sector it will get above these levels.

Zeev
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