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


To: robert b furman who wrote (3183)2/14/2001 9:43:23 PM
From: Ian@SI  Read Replies (2) | Respond to of 3813
 
It's like a chess game. In order to get out at the top last year, you had to sell long before orders peaked for the first time ever.

Now, it seems that if you want to get in at the bottom, you have to buy long before earnings finish dropping.

It reminds me of the line from the movie Butch Cassidy and the Sundance Kid just prior to a knifefight. The bad guy is told, "Before we start this fight, let's get the rules straight". As the shocked fighter replies, "there are no rules in a knifefight", he takes a swift kick to the gonads and hears, "Yeah, I know."

Sometimes I think investing in this sector is like being in a knifefight.



To: robert b furman who wrote (3183)2/15/2001 11:13:25 AM
From: Berk  Respond to of 3813
 
OT Bob, a "buy wiggle" was in ASML over the past three days:on Monday the stock made a new low in the move, reversed and closed near the high. On Tuesday it made a higher high and lower low and closed lower. Yesterday, it made a lower low than Tuesday and then closed above the high of Monday (don't know, the minor new low yesterday might invalidate this). Nothing is foolproof and I have seen this not work out but nonetheless I would not trade against it.