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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (50943)	8/21/2001 9:51:07 PM
From: michael97123	Respond to of 70976

"It's just this type of slow grinding recovery that could give pause to those who've been holding SCE long positions as they watch the chip stocks move up more quickly (IMO)." Ad, Thats why we should own chips too. The next move probably will be in chips but we should expect SCE's to move soon thereafter as the outcome of recovery becomes more visible. mike

To: advocatedevil who wrote (50943)	8/21/2001 10:14:42 PM
From: trilobyte	Respond to of 70976

Devil, I agree that the stock prices of SCE companies have been decoupled from reality. In past cycles, these stocks would start to recover after companies like INTC, TXN, etc. would see uptick in sales for several weeks. This time, the SCE bottomed way early and then just got stuck in trading ranges rather than collapsing further, at the dismay of some shorts I would say! Strange. But stocks of SCE also anticipated the downturn way in advance. It's just the way big money played the current downturn. Of course, if orders only get slightly better in the next 3-6 months and then resume their slugishness after that, we may not have much of a recovery. Trilobyte