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To: drsvelte who wrote (13864)	9/6/2000 1:43:34 PM
From: The Ox	Respond to of 14427

Hi doc, I wrote you a nice long post that just vanished as AOL decided to give me the boot. LOL - that's why I use a different ISP when I'm at home! Basically, I've trimmed all my semi trading positions and only hold the "core", with the exception of INTT which I feel is too undervalued to sell. In fact, if they want to sell it off another 20-40%, that's alright by me, as I will load up. Current estimates for this little company have FY00 eps of 1.31 and FY01 estimates about $1.59, giving a FY01 forward PE of 6. I believe that the industry is not in as bad a shape as the doom and gloomers are reporting. I also like Steve's theory that the analysts are back from their vacations and want a chance to buy the semis back at their early August prices, so why not downgrade the sector? One last thought, if the stock market averages 11% a year and the semi industry has averaged 17% growth per year, one should expect a much higher return from this segment of the economy over an extended period of time. Don't blame you for looking at retailers right now!

To: drsvelte who wrote (13864)	9/6/2000 2:22:53 PM
From: LiamCK	Read Replies (1) \| Respond to of 14427

Hear you on the retailers Doc! WMT appears to have cleared a mini hurdle, might be good for a few points. JWN and GPS look mighty cheap as does BBY and CC. HD needs to close over 51, there's been a seller there, if itt does I'm in.