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: Donald Wennerstrom who wrote (3243)	5/23/2002 9:14:41 PM
From: Cary Salsberg	Respond to of 95616

RE: "I have certainly heard different opinions before..." It is worse than that. They are supposed to be reporting data. One wonders if they both got the same input and then selectively presented the parts that supported what they wanted to say.

To: Donald Wennerstrom who wrote (3243)	5/23/2002 11:04:37 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95616

I'm sorry I am gloomy Don but I am gloomy for good reason. An awful lot of technical damage has been done to the SOX and NASDAQ in general. I do not see any relief in site until we get a business led economic recovery. Oh sure the SOX will probably rise nicely tomorrow. Maybe we will get another run higher but I doubt it. Even if we do go higher it will likely be short lived in my opinion. We did not even make a run towards 600 after AMAT announced earnings. And if the SOX is not rising then the NASDAQ won't be rising for long either. The semiconductor industry is the last man standing in the technology sector. I cannot find any other technology industry with stock prices as high. Valuations are still high by any traditional measure. Despite an improved btb the SOX cannot hold up the market alone when actual sales and profits are so low. I will still be a buyer once I see more signs that we have bottomed. Then enough people will see the glass half full again. Sorry, RtS