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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Molly Mayhem who wrote (113579)	9/8/2000 12:35:51 PM
From: Lane Hall-Witt	Respond to of 120523

Molly: Thanks for the kind words. I've got to warn you that I'm probably the worst market-timer on the planet, so I'm not the person to follow in and out of sectors. I think Options Jerry is the one to follow on the semis -- although he unfortunately doesn't participate on SI nearly as much as he used to, with the trading room open now. I still like ASTT, but am not in it right now: I locked in profits on the "quiet-period" play. A limiting factor with companies like ASTT is that they don't file the usual SEC forms that U.S. companies submit, so it's harder to dig up information -- which keeps a lot of investors on the sidelines. That's just to say it probably won't be as dynamic a trading stock for short-term action. But it's solid fundamentally. I'd buy it again in the 6-7 range. ASTT at least turned out to be better than my CAMP call last week! I mentioned it at 42-43, and it fell hard a few days later. Its earnings report came up a little light on growth in one product line, and it's being hammered today. Thank heavens I had a tight stop on that one. I like both NSM and AMD a great deal. Both suffered badly during the last semi downcycle, and the reputations they've taken out of those lean years are keeping them down even now, when they're performing brilliantly. I'm hoping they will both dip further this fall (NSM to low-30s again, AMD to mid-20s) and then rally over the winter. They are both very undervalued, relative to their current performance and huge market opportunities. AMD's valuation relative, for example, to INTC is absurd. One thing to look for with the semis: the analysts in that sector travel in packs. When one major analyst makes a call, the others will follow day after day after day with the same call. So just watch for a Joe Osha or a Dan Niles to pound the table on the sector, and you'll probably get a good week or two of additional upgrades right afterward. The stocks usually go up with the upgrades--.