Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: The Ox who wrote (11663)	9/18/2003 11:44:14 AM
From: Proud_Infidel	Respond to of 95587

Well said.....and to anyone who does not believe we will see BTB numbers down the road, please take a look at the recent BTB's in Japan(1.40 in July). siliconstrategies.com BK

To: The Ox who wrote (11663)	9/18/2003 12:03:31 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95587

Michael, I am being facetious when I say valuations don't matter. They matter of course but it's all relative to the point of time in history in which our current reality resides. I'll go along with your fairy tale future but only so far. Why? It's hard to find a point in history where there has been so much measurable bullishness for so long without a market correction. We are getting an economic recovery that may unfold just as you expect but we will no doubt have some hiccups along the way. And perhaps a big belch or two! RtS

To: The Ox who wrote (11663)	9/18/2003 10:57:08 PM
From: robert b furman	Read Replies (2) \| Respond to of 95587

Hi Mike, I believe you have made the most important market observation that can be made. As many search for the "Holy Graile" that makes all investment decisions correct and justifiable. The astute trader can simply observe reality. This sector is cyclical and yes the pendulum swings too far in both directions.Thus at times each and every valuation discipline is right and /or wrong. For this very reason I've learned to love and embrace the sector's excessive cyclicality. It provides tremendous opportunities. So on the night of a weak Book to Bill - Nvls showed positive strength on the plus side around 2:00 this P.M.. With all indices breaking out to new highs and the SCE sector all but shaking off the weak BtB,do we now think some trough valuation matrix is how we should value these cash rich,high barrier to entry companies?? Nope ,I think the worm has turned and todays dip will be but a short opportunity to get some more of this yet to be at new high stock sector. How many YEARS have we waited for the buyers of SCE to say the chip business is getting better - now they think a 20% growth next year will happen.Jump back to a year ago and that would be a "You're insane headline".GG Your thinking is very clear - I believe you've nailed it !!! Thanks. Bob