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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (10296)	4/4/2000 4:09:00 PM
From: peter michaelson	Respond to of 78525

Only 2000 ELAM shares crossed at 2 5/8. Someone may have put in a market sell order. Otherwise the low was $3 3/4. . I'm in ELAM at 3 15/16. What a steal! . . . (i hope) :=) peter

To: Paul Senior who wrote (10296)	4/4/2000 6:53:00 PM
From: jeffbas	Read Replies (1) \| Respond to of 78525

Paul, on SEMI, FYI since I know you own it: messages.yahoo.com In my opinion, we have wiped out a lot of speculators, and although tech stocks will do better from some point, because they really are the growth engine of our economy, the future will be less speculative and more earnings driven than the past. Therefore, I think it is prudent to play technology only in reasonably valued stocks with the strongest earnings momentum. In my opinion, SEMI at a P/E of 5 on what I believe they will make this year, not that much above liquid book value, growing at 10-15% per quarter, book/bill of 130% for the March quarter, and without the risk of catastrophic losses in a semiconductor downcycle that the semiconductor manufacturers have, was a reward/risk no-brainer near today's low - even if it is "just" a semiconductor distributor.