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

To: Ian@SI who wrote (9442)	2/5/2001 3:20:58 PM
From: Alan Gallaspy	Respond to of 10921

How about this theory for when we hit the trough? Jonathan Joseph called the top last year, so no one will listen till he calls the bottom, says that demand is up and inventory is declining. And yess, I have been drinking while I watch Novellus fall 5% and PRIA off a mere 13%.

To: Ian@SI who wrote (9442)	2/5/2001 4:43:05 PM
From: WTSherman	Read Replies (1) \| Respond to of 10921

Ian, I like Kumar, too. But, this strikes me as little bit of trying to grab the falling knife. It certainly could be the bottom, but, the impact of all the external forces(reduced consumer demand, energy mess, etc.) is hardly clear, nor is the length or depth of the economic slowdown. All the analysts I see are more or less saying "don't fight the fed", as in the Fed can control what happens to the economy. This has been fairly true the past 8-9 years, but, has hardly always been the case. My basic premise remains that the markets will wander lower until positive signs of an economic reversal are seen. Until then it will be various run ups and run downs as everybody tries to guess what's happening. Basically, speculation both ways.