Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Return to Sender who wrote (2240)	3/11/2002 8:20:39 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95953

RtS and Crossy, Far be it for me to tell you how the group is going to do for the rest of the week, since I missed most of the previous 6 day runup, but I'm betting that by the time Friday closes, there will be further gains in the Group, SOX and NASDAQ. How's that for putting my neck on the line?<gg> A lot of people on these threads feel otherwise. Let's look at a couple of things. During the 6 trading days ending last Friday, the Group and SOX were up 23 and 25 percent respectively. Today, the Group and SOX were down 1.6 and 2.4 percent respectively. Not much of a down movement after such a strong runup. Of course, the big question is - what do they do for the next 4 days? I think they were entitled to a breather for today (and maybe tomorrow)and will be strong enough to register a gain by the end of the week. Lets look at the 4 stocks that are a part of the Group as well as the SOX. For the 6 trading days ending last Friday, AMAT, KLAC, NVLS and TER were up 23, 21, 27 and 17 percent respectively. Today, they were down 3.3, 3.2, 2.1 and 2.0 percent respectively. Again, not down a lot compared to the runup of the previous 6 days. Also, both the "indexes" and individual stocks finished up from their lows set earlier in the day. I thought the NASDAQ was especially strong today finishing essentially unchanged for the day, fighting its way back from a deficit earlier in the trading session. The NASDAQ finished up 11 percent in the previous 6 trading days ending on Friday. Looking at the chart, it is poised in good position to go higher, and as the "good market news" starts to be put forth on Wednesday, culminating with the PPI, Core PPI, Industrial Production, Capacity Utilization, and Michigan Sentiment numbers on Friday, I think it will finish higher for the week. The NASDAQ closed at 1929 today, about 3.7 percent away from 2000 - that may not be too much of a leap for the NASDAQ to make this week. Finally, here is what Robert Wallberg of Briefing.com had to say tonight - emphasis mine. <<Neither the Nasdaq nor the bellwether SOX index did much in Monday's session, as both indices hovered near unchanged for most of the day... But there was still plenty of action in techs... Just needed to look down the food chain. Badly beaten telecom equipment stocks returned to favor - if only briefly - amid takeover speculation... Among the big winners were Corning (GLW 8.90 +1.05), Ciena (CIEN 10.29 +1.02), Sonus (SONS 4.19 +0.36), Redback Networks (RBAK 4.30 +0.27), Avici (AVCI 2.72 +0.24) and Newport (NEWP 26.84 +1.19)... With exception of NEWP, most of the stocks still well below their ytd highs... Consequently, don't be surprised if these sector dogs continue to outperform short-term due to additional short-covering and bargain hunting. Also saw buying in the Net names, most notably Yahoo! (YHOO 20.50 +1.57)... Stock closed at its highest level in months on a big spike in volume... Based on momentum and recent price break, stock has good chance to make a run at its 52-wk high of 23.25... Other Net names on the move included i2 Tech (ITWO 7.26 +0.24), DoubleClick (DCLK 13.34 +0.62), Amazon.com (AMZN 16.71 +0.36), CommerceOne (CMRC 2.06 +0.08), FreeMarkets (FMKT 26.51 +1.12), VeriSign (VRSN 32.51 +1.01), Expedia (EXPE 64 +1.49) and RealNetworks (RNWK 7.40 +0.43). Sector shows no signs of letting up at this point, as bears have been unable to take much air out the balloon despite some big gains over a short time span... Resilience to profit-taking suggests that sector will continue to outperform - at least over the near-term.>> Robert Walberg, Briefing.com Having said all that - you know I could be way off in left field.<gg> Don

To: Return to Sender who wrote (2240)	3/11/2002 9:33:11 PM
From: Kirk ©	Read Replies (2) \| Respond to of 95953

Look at this chart of the SOX from the bottom back in 1998 stockcharts.com[h,a]dhclyymy[d19980601,19991231][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20] It doubled off the bottom then barely gave 10% back...before going on to double again. Hardly any pullbacks in this run right to the peak stockcharts.com[h,a]dhclyymy[d19980601,20001231][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20] Bears might say we should go back to that 1999 flat spot at $400 then even lower but, I sure don't count on it. I just don't see how people get mostly out of these stocks and then hope to catch bottoms and tops with all their funds...Much easier to buy some on major down trips and take some profits when you get huge gains. Kirk (sitting pretty at 80:20 equities:fixed just as i like it) out