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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (11659)	2/23/2001 6:09:52 PM
From: orkrious	Read Replies (1) \| Respond to of 30051

Zeev, you previously talked about AMAT getting down to 25. AMAT, NVLS, and KLAC have held up unbelievably well. In fact, IMHO, they have no business selling at their current prices given the cancellations and pushouts likely to occur. Their smaller brethren, CYMI and PRIA for instance, are near their lows. Under the circumstances, I can't see the large semi equips rallying much from here. Either that, or the little guys are going to rocket. What say the turnips re AMAT, KLAC, and NVLS? Jay

To: Zeev Hed who wrote (11659)	2/24/2001 10:43:24 AM
From: Logain Ablar	Respond to of 30051

Zeev: Thanks I misunderstood. I couldn't see qcom @ $135 this year but by next March we have the potential if a few things fall into place. The first will be a solid bottom in the August to October time frame where we see the tic and trin reach the levels indicating a bottom is in place. I'm not a long term student of the soxx. I agree the b2b will go down more but whether we recover in two months or not remains to be seen. I don't think we'll see a tax package till October but we should see some of the key points coming out of committees by August. With the democrats @ 0.8 and republicans @ 1.6 I'd say the odds favor around 1.0 to 1.2. The devil will be in the details and the details will help determine the FED's future course of action. Thanks again Tim