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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (967)	8/16/2001 8:49:50 AM
From: scott_jiminez	Respond to of 95737

Oversold............. That word reminds me of a certain neuroanatomy lecture in graduate school when the topic was the 'prefrontal cortex'. The professor (who conducted the entire 2 semester [6 month] course from memory) had quite a bit of fun with the term 'prefrontal': if a part of the human brain is 'pre' (i.e. in front) of the frontal cortex, and the frontal cortex defines the front of the brain, then where could this 'prefrontal' cortex possibly be? Suspended in space, in front of your forehead, in a position to soil your freshly starched tide-died shirt when a thunderstorm comes a callin'? But everyone uses the term without a thought. Literally. The definition of 'oversold' falls smack into the same bin: many otherwise lucid individuals use the term based on some assumption on what it should mean (the stock/sector has gone down too fast and therefore MUST back bounce back first before going down more). But OVERsold compared to what? And who says it's oversold, and has anyone actually verified the pattern assumed by the term actually works? And if 'oversold' describes one condition of a stock falling, describe the other conditions (please help me here: when is a stock UNDERsold?) that characterize falling stock prices and how are we supposed to differentiate them? In fact, is 'oversold' the same as 'underbought'? Signed, Confused in Chapel Hill