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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: jim_p who wrote (15578)	7/25/2002 3:50:28 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

<<I want to see capitulation in the SOX.>> I am beginning to hate the SOX. Did you think that today was capit?? Or more pain ahead?? On the positive side, KLAC daytrade looks like it will work out - going to the wire on it. Warp

To: jim_p who wrote (15578)	7/25/2002 4:29:38 PM
From: Archie Meeties	Read Replies (2) \| Respond to of 23153

We're bulls eye center of the semi cycle trough, with overwhelmingly negative sentiment. Even mildly hopeful news (ASML, LSI) doesn't reverse the selling tide. We have retail investors exiting the market, and trough valuations by historic measures like bv. This reminds me of how tough it is to buy the OSX under 50 - gloom all around, blood in the streets. I say we're damn close to a bottom in the SOX, and my guess is that any buy of a sox around 300 will be a nice position in a few weeks. Tomorrow could be capitulation, but I think I'll ease into some positions even if it's not. ciao, Josh. ps rei was a monster! heard anything about it in houston?