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

To: stox19 who wrote (2019)	2/19/2002 12:39:46 PM
From: Return to Sender	Respond to of 95738

I hope you are right but I do not think even a good Book-to-Bill will be much help. Now very strong numbers could change the direction but unless that happens I think we test the lower end of the range on the SOX. The latest from Briefing.com: 11:51AM Broadcom Intraday (BRCM) 35.91 +0.88: -- Update -- -- Technical -- Has cleared a congested area around 35.70/35.80 and is currently trading towards its best levels of the session. To the upside, look for initial resistance at 36.15 followed by subsequent overhead at 37.50 and 37.90. The favorable intraday tone would deteriorate on a break of intraday support at 35.70. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G 11:45AM IBM Intraday (IBM) 100.01 -2.88: -- Update -- -- Technical -- Stock continues to trade towards its worst levels of the session and is currently getting a solid test of the 100 level. Tothe downside, look for initial support at 99.40 with little subsequent support until 97.70. The intraday tone would improve on a break above intraday resistance around 100.55. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G 11:32AM Semiconductor HOLDRs Intraday (SMH) 43.35 -1.15: -- Technical -- Last week's breakdown appreciably extended (roughly 7% high to low) this morning but the slide has been stymied thus far by its 200 day simple ma (43.30). Intraday need move back through 43.61/43.75 to neutralize the very short term bias. Failure leaves support vulnerable to a penetration with the initial support between 43.12 and 42.98 (Feb 11 gap) followed by chart congestion near 42. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G 11:03AM Cree pricing environment remains difficult (CREE) 14.67 -0.68: In pre-market note, SoundView reported that its checks in Taiwan indicate that pricing remains tough for the lower brightness HB LEDs. While firm maintains Buy rating on stock, it would not be aggressive on CREE until end markets begin recover, most likely in the 2H02. stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G 10:15AM Nasdaq Composite Intraday : -- Technical -- Index feeling some heat amid broad based tech stock weakness. Has stabilized slightly above the Feb low (1772) but without a recovery initially back through 1793 it is expected to remain vulnerable (next resistance at 1801/1802). First support on a move to a new pullback low is at the Nov 05 gap between 1768 and 1759 with the 50% retracement of the entire Sep/Jan rally at 1742. 9:25AM Motorola rumor: looking at handset makers (MOT) 12.74: We are hearing trading floor talk out of London that MOT is looking at smaller handset makers; although this rumor cannot be confirmed, the handset divisions of SI and Samsung have been mentioned as possible targets. finance.yahoo.com RtS

To: stox19 who wrote (2019)	2/19/2002 3:56:25 PM
From: Michael Young	Read Replies (1) \| Respond to of 95738

Everyone knows the BTB pretty much has to trend higher for now, so I'm not sure it will be enough to juice the SOX. There sure aren't many analysts who haven't already upgraded the group. Institutions are in a quandry with these stocks. They expect a recovery and past recoveries have led to huge moves in the stocks. But this time the stocks have already priced in a nice recovery. So we could see a lot of investors pissed because when the SOX goes flat or down even as the BTB rises every month. MIKE