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

To: Cary Salsberg who wrote (4189)	7/20/2002 5:48:02 AM
From: Sam Citron	Respond to of 95411

Cary, "This economic climate" as referred to in my previous post refers to the bubble aftermath that we are in. It is characterized by a falling stock market which can lead to a "wealth effect in reverse" and a general revulsion for financial assets, a decline or at any rate a slowdown in the growth of IT spending by corporations, and a retrenchment by the consumer, who may curtail his spending on discretionary consumer electronic purchases if he senses a decline in his wealth or income. While it may be true that the stock market has forecast "twelve of the last nine recessions" [Samuelson], the decline we have witnessed in only the last two weeks appears serious enough to me that it could endanger the nascent recovery. Sam

To: Cary Salsberg who wrote (4189)	7/20/2002 10:37:35 AM
From: Kirk ©	Read Replies (1) \| Respond to of 95411

Bungie Portfolio My portfolio is still very much within my expected parameters. The most difficult time in the "buy low, sell high, but you can't buy at the bottom or sell at the top" strategy is the period between "buy low" and the "bottom". That is where I am now. I am still holding SOME cash left to buy with but I probably have a higher percentage of assets in the market than you do due to my young age. I sure hope to have your long success over time, but I am pleased so far at age 45. I look at it like I was handed a bungie of unknown length where I am tossed off a tall bridge and told I can grab stocks on the way down. My hope is I am eventually pulled up after reaching a midpoint, but I really have no idea how low the bungie will stretch so I need to do my best to grab at prices I can live with. I try to only buy on the down moves as that means I look to take proftis on the up moves. It just seems simpler to buy when they are going down and sell when they are going up. I know others have used TA to zone in on when to buy, but I am unsure this offers much advantage and it takes much more work. As to new technology... It keeps marching on. I think we will want to talk to our computers so my RSI hands and fingers can live to 115 (another 70 yrs for me). Universal translators so we can trade with China without having to learn 350 dialects of Mandarin will be helpful in a few years also. Wearable computers... that run off 2 AA batteries and have perhaps 500 MHz pentium performance can do quite a bit, especially if you eliminate the need for a keyboard and the monitor is a small projection device you wear like glasses. Perhaps it uses BlueTooth to connect to a HD in your home or office... that are networked so your HD data is at your "fingertips" from anywhere in the world. Anyone that thinks the PC is dead has dead braincells. It just won't look the same. Kirk out