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

To: Return to Sender who wrote (3668)	6/25/2002 11:21:49 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 95526

>> There are still numerous investors long on margin. They have to be wiped out. But where is the fundamental selling coming from ? It can't be day-traders. Their cash returns quickly to the market. It isn't long-term holders or retirement accounts. They don't sell, period. I am guessing the only supply of shares is coming from shorts and international sellers. The Shorts will have to cover, sooner or later. But if foreigners take their money to Europe or Japan, it could stay out of the US market for years or longer. In that case the snowball will really gather speed. Yet I don't see any discussion at all about the supply of shares. In the case of dot.coms it was insiders printing shares for free, and could sell them at any price, even pennies, and they still made a profit. But in the case of respectable companies, where are these shares coming from ? In my opinion, that is the only relevant question regarding this sell-off. Yet it is ignored like the emperor's new clothes. Sarmad