To: Donald Wennerstrom who wrote (1230 ) 10/15/2001 12:11:11 PM From: Return to Sender Respond to I believe we will get a good 30% clip off the prices of most semiconductor and semi capital equipment stocks over the next week or two Don. The Nasdaq reached its upper Bollinger Band on Thursday. Analysts seem intent on taking the recent move higher back down. That's why I raised cash last week. If I was more of a brave soul I would have gone short. Ultimately I still believe the liquidity the Fed has put into the system will win out. Looks to me as if we get at least one more chance to bargain hunt at lower levels. Depending on how earnings and visibility come in this quarter we could have hit the lows on this cycle but perhaps not. Of course the war against terrorism is a wild card that cannot be seen as a positive until we see the public at large return to more predictable levels of consumer confidence and actual spending. More from Briefing.com:
