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

To: Sarmad Y. Hermiz who wrote (11156)	8/22/2003 10:38:30 PM
From: Donald Wennerstrom	Read Replies (3) \| Respond to of 95632

Sarmad, >> Concensus: Everything is looking good! Onward and Upward Well, I confess, I was writing that line with a little "tongue in cheek". For the moment I am all in cash, neither long nor short. I just get a big kick out of enthusiasm that has penetrated the market the past couple of months. As the tables show, by being out of the market I "lost" a lot of money the past 2 weeks. But that's all right, I will "wait my turn" to get back into the market. There will be "ups" and "downs" along the way. The last couple of weeks really remind me of the 1999/2000 area - nobody saw anything they didn't like back then and the same thing exists today. Just look at the "two week tables" I just posted. That's as good as it gets - nothing better even back in the "bubble" days. Take 1 example, MTSN, up 40 percent in the last 2 weeks and the consensus earnings for NEXT YEAR is a -0.06 a share. Now you have to admit - that is a little funny. I certainly go along with the rest of your post. I look for a "pullback" of some sort in the near future, but around the middle of October I look for a strong rally through the first of next year. As I said in one of my previous posts to you Sarmad, I congratulate you on being the first to say we were going to 1700 on the NASDAQ. You called that one "right on the nose" so there is no reason to disbelieve you when you say we are going to NASDAQ 2000 around the first of the year. I believe that as well. On the other hand, we may get there a lot earlier if the present euphoria doesn't pull back soon. When the market gets a "full head of steam" it is hard to turn around. As I mentioned in a post the other day which you may, or may not, have seen, in early January 2000 when the NASDAQ was sitting at 4000 I was looking at the TV, and one of the market "gurus" said he thought the NASDAQ was going to 4500 before it peaked. Nobody could believe it. You also should have heard the naysayers on the SI threads all denying that it could happen. Well, as we all know, in about 3 weeks the NASDAQ went through 4500 like a hot knife through soft butter. In early March it was well over 5100. You know, as I write this post, I am beginning to believe I ought to mortgage the house, put my wife to work, indenture the kids and garnish their wages, and put it all in the market.<g> There is no doubt tech stocks are going to the moon - after all, the gurus in the newspapers, magazines say it is to be so, so it must be so!<g> Don