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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (31351)	8/6/2000 10:44:24 PM
From: Wendisman	Respond to of 57584

DO....on semis.... No matter how hard I tried, I couldn't resist TXN below 54 on Friday. However, no matter how hard I try, I find it difficult to justify holding it LT from this level. My gut says we test 50 (or more specifically high 40's) before an upswing. So the bull in me will wait on how the week begins and potentially sell into any strength....but, I really (really) want to have this in a LT port and this level is very compelling. That said, I believe I have my new LT positions....this being KOPN below 20 from Thurs. weakness in the sector. LRCX also presented a great Friday entry below 22, but I have more faith in KOPN LT from here. My feeling is that AMAT will have the necessary warnings within their report (slowdowns and such), but we should be reaching a semiconductor capitulation any second now, so I'll be watching for the market reaction to any warning (heavy drop, mild drop, no drop etc.). A heavy drop would tell me that there is still quite a bit of fear in the semi investment community (at least retail investors). But any great drop will be met with my bullish head and the horns I have been spending the summer sharpening. It will be interesting to watch the build-up (or abandonment) of positions in AMAT and its peers before earnings. I am still very bullish on the sector LT. Wes