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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Mitchell R. White who wrote (8775)	10/16/2000 11:10:59 PM
From: Gottfried	Read Replies (1) \| Respond to of 10921

Mitch, I'm a little disenchanted with correlation of SEMI numbers to price because lately we've had a disconnect: SEMI orders were still in a strong uptrend until August [last month reported], but price started to decline in April. I know price has led SEMI orders in the past, but now we have almost unanimous consent among industry leaders that we have another 12-18 months of orders growth. In keeping with the KISS principle I'm inclined to apply TA to the price charts and ignore fundamentals. I never bargained for 50+ % haircuts in mid-cycle. Gottfried