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

To: orkrious who wrote (2079)	2/21/2002 4:11:29 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95931

From Briefing.com: 3:48PM Market Action : A number of rumors flying up off trading floors in attempt to explain acceleration of selling into the close. Being talked about are 1) technical breakdown, 2) rumor of U.S. troops in Iraq, 3) vague talk of hedge fund failure, 4) reports of a helicopter crash in Philippines, 5) talk of a large sell program. 3:30PM : Major indices are on the defensive in late trading as the broad-based weakness in the tech sector has finally undermined the blue chip leadership... Presently, the indices are trading at their lows for the session as a pickup in selling activity has coincided with a breakdown in the influential SOX Index, which is now down 6.6% for the session... Intel (INTC -1.80) at the helm of that retreat as it has been pressured throughout the day by Banc of America's EPS estimate cuts for the June and Sept. quarters...Nasdaq 100 -3.4%, NYSE Adv/Dec 1431/1671, Nasdaq Adv/Dec 1269/2186 3:03PM TriQuint Semi reaffirms Q1 guidance, gives 2002 forecast above consensus (TQNT) 9.36 -0.52: During his presentation to the CSFB Semiconductor conference, TQNT's CFO reaffirms their previous Q1 guidance, but said they now see some sequential growth during FY02, and gave 2002 guidance of $0.08-$0.13 on revs of $280-$300 mln (vs Multex consensus of $0.07 and $284 mln). 2:50PM Sector Watch: Semiconductor : Sector weakens again this afternoon but the index (SOX -4.1%) has thus far been able to hold above yesterday's low (519.28). The worst performers in the group today are: AMD -8.2%, ALTR -7.6%, XLNX -5.4%, INTC -5%, LSCC -4.2% and AMAT -4%. The continued retest of the above support suggests vulnerability on a short term basis. The Semi HOLDRs (SMH 41.40) is eyeing a similar support at 41.35 with a break pointing to an important floor at 40.60/40.37 (two month range bottom/38% of Sep/Jan rally. finance.yahoo.com Great day to be short ork. Just out of curiosity what is your target level for the SOX and or AMAT? RtS