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


To: scott_jiminez who wrote (9072)12/3/2000 10:19:52 PM
From: Gottfried  Read Replies (2) | Respond to of 10921
 
Scott, first of all let me say [learned that phrase from Mr Clinton] that the knowledgeable posters on the Yahoo KLIC board were wrong, too. Maybe that's why few of them post now.

The Yahoo poster you quoted is right on and I told him so.
What makes it hard to judge a price bottom is the long lead time between the start of the price decline and SEMI orders decline. Orders were still in an uptrend in October. I have not seen that before. When the selling started 7 months ago, how did anyone know enough to sell? Maybe they thought 'things are so good they can't get better'? If that is so, shouldn't we buy when 'things are so bad they can't get worse'? But that moment is not now.

Gottfried



To: scott_jiminez who wrote (9072)12/3/2000 10:34:52 PM
From: Demosthenes  Respond to of 10921
 
scott,

Great points. I remember this routine in the fall of 98, which was the best time to buy and all news was of the Apocolypse.

D