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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: advocatedevil who wrote (62465)	3/28/2002 4:34:25 PM
From: Return to Sender	Read Replies (1) \| Respond to of 70976

>I'm thinkin' that some of the TSM "news" may already be priced in:< I disagree. The size of this increase was unexpected by most. In fact I did a double take on it: From Briefing.com: 9:20AM Stocks to Watch : Semiconductor equipment names are trading up pre-market after Taiwan Semi (TSM) increased its 2002 capital spending guidance to $2.5-2.6 bln from prior guidance of $1.6-1.7 bln, and 2001 spending of $2.2 bln. An increase in capex had been expected from both Taiwanese chip foundries - TSM and UMC - but the size of this increase was larger than expected. SoundView says that Applied Materials (00C0) is most leveraged to TSM and should benefit the most; AMAT is up 1 pt pre-market and many other semi equipment stocks are benefiting as well. It's been a while since AMAT closed this near the high of the day. We have strength showing up in storage, networking, hardware, software and even telecom equipment stocks despite bad news in many areas. All in all I think we break out to another new recovery high on AMAT as early as Monday next week. Also you have to take into account the fact that the trading range has moved higher for the SOX with Bollinger Bands constricting even further today: stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!La12,26,9!Uk14]&pref=G We are all set up technically on the SOX. It looks ready to move smartly higher next week. All we need is a little good news from INTC or MU or one of the other big players and AMAT will be ready to rumble. Once again almost all of the above is my not so humble opinion and I've often been wrong. But it's so much fun to speculate! <gg>RtS