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

To: Henry J Costanzo who wrote (12861)	12/30/2003 4:33:54 PM
From: Sarmad Y. Hermiz	Respond to of 95610

>> but not sure how home loans has anything to do with foreign buying of Treasuries. Well, along with inflows to balance the trade deficit, both treasury debt selling by the government, and home loan debt selling by FNMA and freddie SHOULD pressure interest rates upward. Chinese institutions are rumored to be the largest buyers of home loan mortgage securities this year. To a foreign buyer of bonds, US treasuries and fannie/freddie are similar. They both are obligations of the US gov. re wdc. It was the only stock on my screen that was up today. Despite very heavy selling at the close. Just 4 sells accounted for over 1 m shares in 10 minutes. A 500k shares, 143k, 200k and 200k. Yet someone bought them all. And the price still went up 30c today. Thanks for the update on the foreign bond purchases. I hadn't realized they were that big. Sarmad