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 (3082)	5/8/2002 6:56:54 PM
From: Alastair McIntosh	Read Replies (1) \| Respond to of 95487

RtS Yes we are back firmly above 500 on the SOX but do you think we can get the NASDAQ above 2000 on this CSCO news? Unfortunately the news that sparked the rally really was not all that good. Some days the market just wants to go up. The CSCO news certainly was not good. No Q/Q revenue growth (product sales actually fell) and little or none expected next quarter with "no visibility" after that. Does anyone really think AMAT's earning's report can spark the kind of rally we had today? Color me doubtful. I'm also doubtful. AMAT's guidance probably won't be good. AMAT will probably rise a bit more into earnings and drag other semis along. However if guidance is what I think it will be, the SOX will sell off. Al

To: Return to Sender who wrote (3082)	5/8/2002 7:17:26 PM
From: Donald Wennerstrom	Read Replies (2) \| Respond to of 95487

The last "breakout" type rally occurred on 3/1 and ended 6 trading days later on 3/8. During that period, the NASDAQ gained 11 percent and the SOX gained 25 percent. If today was the start of a similar period, the market is off to a good start. Today the NASDAQ was up 7.8 percent and the SOX was up 11.1 percent. I am expecting some further gains here in the next few days, but I have no idea how much. If we say the gains will be the same as last time, 11 and 25 percent, the NASDAQ will go to 1747 and the SOX will go to 588. Those numbers sound like reasonable goals over the next several days given the startup today, but who knows. Tomorrow should give us a much better idea just how much more we might get on this rally. By the time we get to the AMAT earnings report next Tuesday, the rally may be over and the market sells off on the news, even if it is pretty good. We have 4 more trading days until AMAT announces. If this rally is like the last 6 day rally, it will be all over by then. Don