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

To: Paul A who wrote (14767)	4/19/2001 9:36:44 PM
From: JRI	Respond to of 30051

Many credit Joseph with the semi-rally....when he made his call...semis were around 490 (I believe)....his target was around 700....and in a year's time, I think he said 800-900 was possible... We're almost ALREADY at Joseph's first target, and could get there tomorrow with a little luck...I'd say an additional move to 800-900 is not at all likely within the next couple months, given everything I've read...and I'd say even by year-end...but I'm more confident about the next couple months.. One last question....What do you think about the "Niles/Edelstone" argument...that once inventories are pared down...then (lower) pricing issues really start to take front and center stage....and at lower inventory levels, you can actually acheive less revenue (in the second downleg), because although your unit sales may be better, pricing gets killed.... Good luck with your decision...