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

To: The Ox who wrote (10660)	7/19/2003 6:31:46 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95478

Thanks for the update Michael. You know I have been very concerned about the fundamental situation supporting the technical strength in the market so I think you made the right decision. Here is the latest take on the market from... Amateur Investors Weekend Update: amateur-investors.com They are very concerned about YHOO which is close to breaking down: stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G Of course we here are more concerned about our favorite semiconductor and semi equipment stocks but YHOO definitely was a leader in the rally from the bottom of this last run higher. Will it lead the market back down? Maybe, I'm getting lots of mixed signals but as you probably know I'm not willing to go long here on anything other than for a very short term situation. Let us know when you decide to buy back in? Thanks, RtS

To: The Ox who wrote (10660)	7/20/2003 12:10:57 AM
From: Gottfried	Read Replies (1) \| Respond to of 95478

MH, 'Rydex Funds Show U.S. Rally May Last' quote.bloomberg.com excerpt Many investors follow asset flows at Rockville, Maryland- based Rydex because, unlike most mutual-fund companies, the firm offers funds designed to profit when stocks decline. A ``Rydex ratio'' developed by DecisionPoint.com, a stock research firm, shows investors in the firm's funds have wagered $1.31 that markets will fall for every $1 that they will climb.< But that is just one indicator. Gottfried

To: The Ox who wrote (10660)	7/20/2003 1:39:53 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95478

Michael, Thanks for the update and congratulations on having some profits to enjoy this summer. The market has had a great run since March - can it continue thru the summer months? Only time will tell, but maybe we will get some resolution of that question over the remaining 5 to 10 days of the earnings reporting season. The valuations of the semi-equips are very high right now - higher than I have seen them for a long time. The market is betting on a strong 2nd half which may, or may not, be coming. The latest report by SEMI on Friday evening was very benign - no pickup in order input, as a matter of fact, a small reduction in order input was recorded for June. Gottfried has updated the chart of Bookings and Billings thru June and it is more of the same as the previous months. home.comcast.net This is now the 10th month in a row for the BtB to be less than 1. Also, Gottfried's chart shows how a quick recovery in Bookings and Billings occurred in 1996 and 1998 - not this time - we have been cruising along at a very reduced rate for the last 27 months now with no sign of an "uptick". Obviously an uptick will come at some point, but when? - the 2nd half of this year, that is the question before us now. A lot of gurus and research firms are "flooding" the media lately with how good things are starting to look and how great it is going to be this second half and on into next year. I think I heard that story before - like maybe last year around this time?:) Quite a difference today compared to last year around this time as shown in the following. Message 19125724 Anyway, enough of this - have a great summer, at least what is left of it. Please let us know when you think it is safe to enter the "trading waters" again.:) Don