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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (24757)	11/26/2001 12:43:43 PM
From: Stephen	Read Replies (1) \| Respond to of 52237

Hi Jan ... I sold them sometime ago ... I've not been able to follow the market as much as I would like due to unforseen commitments ... well ...that's my excuse for selling early - LOL. Glad your EMC is doing so well ... it seems my judgement on the stocks rangebound state was .. errr ... not quite right ... but I get all my investment insight from someone called Homer Simpson.... (I must confess at the time I thought Joe B had just lost some hair ...). in any event, he tells me that unless the market goes down its going up and I'm likely to make some doh! Good trading ... nice to hear from you .. Regards Stephen

To: Jan Crawley who wrote (24757)	11/26/2001 4:34:05 PM
From: dennis michael patterson	Read Replies (1) \| Respond to of 52237

Amat. Something to think about: Herb Greenberg semi equipment 11/26/01 2:50 PM ET Goldman out with a fascinating note that pretty much explains what is going on with semi equipment and other tech stocks: "We were out meeting with investors last week and came away surprised with the uniformity of short-term focus that is pervading investors’ mindsets as we approach year-end. Essentially, the investment community has an even greater than normal paranoia about performance as this tumultuous year comes to a close. The desire to load up on beta (combined with a number of supply-chain build related positive semi data points) has generated a significant positive bid to the semi equipment stocks. Few investors with whom we met believe there are any fundamental reasons to own semi equipment names. Most agree that valuations are still way out of line with where we are in the cycle and that the downturn is likely to either take another leg downward as technology buys dry up and/or last longer than the broader market currently contemplates." I'm still back on the line that investors can't see "any fundamental reasons to own" these stocks, yet they do because they're going up and they need to show them in their portfolios. The ultimate in herd mentality. Safety in numbers. Wild. hg