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

To: Kirk © who wrote (10227)	6/19/2003 12:38:27 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95520

I said nothing about taking profits. I'll leave those decisions to others. What I am suggesting is that now might not be a good time to open new long positions... In anything. Including gold stocks. I follow virtually every sector of the market. I look at the sector and industry charts every night. Although I do think it is likely that we are in a new bull market I would think that waiting to buy anything here would be a good idea. The BPNDX is pulling back. I expect the other BP Indices to join that pull back soon. Could I be wrong? Of course but even if all we get is a brief pullback it will be cheaper to buy stocks then than it is now. Incidentally I wish the market would rise further. I would feel much better shorting AMAT at say 17.50 than where it is today. It is still possible that it could happen but more than likely the BPNDX will fall another stock or two due to the continued selling in biotechs. That is not a good sign for the market as a whole. JMHO, RtS