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

To: Donald Wennerstrom who wrote (12850)	12/29/2003 9:12:41 PM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 95574

Hi Don, Well, we got the nasdaq 2k. I have now come around to your view that we still have another 10% on the up-side. Mainly because the selling in the past 3 months has relieved all the overhead pressure that I expected at the 2k point. I was also expecting the weak dollar to cause an increase in interest rates. but it didn't happen. I guess factories in China, and oil exporters in Arabia are content to accept depreciating dollars without complaint. Apparently they prefer to sell for less, than to sit idle. I'm still 100% invested. Although nasdaq 2k came, it did not bring new highs to my WDC. In fact it is 20% below its October high. Hopefully we'll not have a real vicious sell-off when we get good earnings reports in January. Sarmad