Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (25866)	4/2/2000 1:58:00 PM
From: Logain Ablar	Respond to of 68446

Harry: A PnF read (much better than I could ever do). Message 13324100 I think ASML broke due to Philips Electronics indicating they want to dispose of their holdings (24% ownership and has to be a lot of the float) and this will put a damper on the stock unless someone along the lines of AMAT wants to invest. I agree if AMAT breaks $80 its a bad sign for the sector and the equipment makers will peak b4 the book to bill. I remember Tito's observation when AMAT reports record earnings and renenues and the stock doesn't set a new high the cycle has already peaked. I'm long ASML, NVLS & CYMI in the sector. Tim

To: Johnny Canuck who wrote (25866)	4/6/2000 8:02:00 PM
From: Iris Shih	Respond to of 68446

Hi Harry, Sorry for the late reply. Just saw this post. I think the fundamentals part is still going strong. But in this correction, if anything comes to my mind, that is valuation. If people starts to care about valuation and if pe starts mean something to people, I think most of the big semi equipment guys are too expensive. I have a whole bunch of intc but I think it's too expensive here too. After almost every analyst has upgraded it, I just wonder what kind of earnings can propel it higher. cmgi, yhoo, arba... don't act well after good earnings. The nets are going sideways or down to find a real bottom until autumn. I am just playing the market in a very short-term way. With this kind of damage that Naz has experienced, it takes time to heal. Iris