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

To: Return to Sender who wrote (9615)	4/29/2003 6:10:54 AM
From: dr_elis	Respond to of 95640

The continued telecom slump is not likely to boost semi equips: "Ericsson said it expects industry sales of wireless infrastructure to decline more than 10% this year, down from an earlier forecast for a fall of up to 10%. Others, including Nokia Corp. (NOK), have forecast an even steeper fall for 2003." Michael

To: Return to Sender who wrote (9615)	4/29/2003 9:37:51 AM
From: The Ox	Read Replies (1) \| Respond to of 95640

Hi RtS, Would you short something in this market if the SOX reached 393 again? Sure. My point is more of a "bias" in your trading stance. When the trend is up, don't keep the same approach that you would have used during last summer+early fall downward spiral. Certainly, there are many days where the market is going to fall and fall hard, where being short would be very profitable. Especially if you are willing to go short at the end of a very big up day...and are ready to be "wrong" the next morning if the market continues north. For perspective, I don't day trade that much, I'm much more of a position trader. Since that is my approach to 90% of my trades, I tend to use the "big picture" and intermediate trends to assist me in my bias. I hope this helps add some color to my previous post. We could be setting up for another very nice shorting opportunity on the SOX but I feel more comfortable with the bullish bias at this point in time. From a very long term perspective, I wouldn't mind seeing some sideways movement here to keep both the bulls and bears on their heals. mh