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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Paul Moerman who wrote (5313)	9/20/2000 6:59:25 PM
From: Zeev Hed	Respond to of 30051

Paul, I have been in both AVX and VSH earlier this year, and had nice runs in them, actually they led me to KEM, which at the time seemed to be a better relative value. Recently, AVX' technicals have deteriorated (Haim, on MDD had a "sell" barely a week ago), so I did not jump back there, and VSH got off my "preferred" list for the time being because the Chairman was doing too much stock touting, including a stock buy back when they are faced with major cap-ex to expand some of their operations. I mentioned this on this thread. So I was left with KEM. Mind you, if the three expand capacity too much, there might be some major problems of overcapacity in the future. Maybe the very rational price of KEM is due to the fear of future excess capacity. By the way, KEM is the purest play in capacitors (whether ceramic or tantalum). I think that Kyocera owns a big chunk of AVX, something that may be problematic sometimes. Zeev irrevolute.iuma.com