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Technology Stocks : Novellus -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (2982)	10/17/2000 11:05:50 PM
From: LemonHead	Respond to of 3813

Hi Robert, This is some what OT... I got a PM today from a Lurker wanting to know what I thought was going on with NVLS? Well I really couldn't answer the question. Why? If we are to presume that all the data is correct then how can the market slam a company like this so hard? I began to think about all the Dot.coms that in the past couple of years reported no profits, never showed a profit and predicted a forth coming profit many years down the road. Yet the stock price would jump 30 to 40 to 1000% the next day. Why? Then I read this very good post from Zeev. Message 14601783 We must remeber that bear markets, just like bull markets, go to extremes Well the pendulum has swung and it has swung with equal momentum. Can we predict when or where it will begin to swing back? No. Why? You can not predict the market, you can only react to it. How? For my New Lurker Friend... I think the best Advice I ever got was to wait with patience until an Upturn had been established in the "U" curve. Give the equity enough time to establish an uptrend Channel. How much time? In our monthly club meeting last Thursday Night we debated this very Subject. My mentor had advocated 13 days, 2 and 1/2 weeks. But as a group we floated from 2 days to 50 days depending on the equity, the industry and the current mind set of the prevailing market. My position votes for the 2 week advice. FWIW Keith