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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (38799)	1/10/2003 1:18:55 PM
From: Logain Ablar	Respond to of 69345

Suresh: a few comments. 1) I agree completely with your thinking on when to buy and sell. on semi's ditto on storage. they downgraded elx @ 11 on its way to 8. 2) Most brokers buy or sell stocks based upon the firms analyst recomendations. This is how they move the LTB&H investor in and out to generate commissions. 3) Consumer give up - maybe, maybe it takes one more year. Still plenty of liquidity sloshing in from the FED. Of course since I was surprised by the last FED rate cut it probably means your right on. 4) All the unsolicited e mails I get for symc are the prior versions. not the new ones. would never give my cc # on one of those.

To: Suresh who wrote (38799)	1/10/2003 2:43:27 PM
From: Johnny Canuck	Read Replies (1) \| Respond to of 69345

Yes, it is a pretty crazy market. Employment numbers are down, discount retailer like WMT are seeing decreased growth, we are into a seasonal weak Q and the market is rising on the hope that inflationary spending by the government will pull the economy out of its dormant state. Given the excess capacity at the fabs, I have to agree about the semi equipment stocks. I am not so sure about individual semiconductor stocks though. Given the depressed demand level, even a slight uptick would change the P/E picture quite quickly. Given the excess capacity you would think they could get pretty good pricing breaks from fabs. The $50,000 question is what sector is seeing demand for new, high margin products.