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

To: Bruce A. Brotnov who wrote (2987)	10/18/2000 1:08:57 AM
From: James F. Hopkins	Respond to of 3813

Bruce; NVLS is a good company ; However once the SOX starts down every thing related to it tends to fall. It's a Mo Mo ( momentum) market ( thanks mostly to so many index funds ) the Sox has a cycle and when it goes down look for about 9 months of down trend from the high. It takes a lot of buyers to overcome the index funds re-weighting I'm not sure how much % they own of NVLS but it's likely a lot. ( June was 15% indexed and 5% momentum ) they will reduce every 3 months until the SOX finds enough buyers to stop her slide. quote.yahoo.com Jim