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Technology Stocks : IDTI - an IC Play on Growth Markets -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (11320)	1/26/2002 5:11:13 PM
From: Rob S.	Read Replies (1) \| Respond to of 11555

Sorry, I don't see that at all. if anything the trend is for a narrower band rather than a break out. Accumulation indicators are not looking like that much pressure is building up behind IDTI or the semi sector. Semis are highly priced by historical and future earnings projections. There is a tremendous pump from the Fed that will likely lead to maintaining relatively high valuations but that is already baked into most of the techs for the next year. The economy will improve in 2002 but tech stocks are still loved too dearly to be good values imo. The juice of sexy technology is still an enticement but the flavor of still spoiled valuations is sort of putrid. Buy and sell by the charts or play it safe with value stocks in other sectors until fundamental improvement takes place or stocks in this sector become more cheaply valued. Most semi stocks are already trading at valuations justified 12-18 months out. Maybe there is a 25 upside on them but there is also a 20% downside imo. If your time frame is five years, then go ahead an buy because timing them perfectly is nearly impossible. If you are looking to make a 6 month return, then there may be better times to buy semis imo.