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

To: Gottfried who wrote (13476)	2/22/2004 8:45:19 PM
From: rhering	Respond to of 95657

Gottfried, Unless Splinter was blowing smoke about his perception of the rest of the year, and with Bronson sitting there ( the perpetual conservative) I doubt he would do that even if he wanted to. Analysts may be trying to talk the market down but if Intel on March 4 reaffirms it's high-end guidance for the quarter then I think we are off to the races again. I'm not a technical analyst but if the '04 & '05 outlook continues to improve then I cannot see this market going much lower. Regards, Roger

To: Gottfried who wrote (13476)	2/22/2004 8:49:05 PM
From: Nancy	Read Replies (1) \| Respond to of 95657

<<One was quoted in Barron's and said he'd be a buyer after a 10-15% Naz correction. That doesn't sound like he thinks stocks are overvalued here. You don't buy overvalued stocks at a 15% discount - hoping they'll get overvalued again.>> forget about valuation. as long as bond yield stays this low, WS only looks at "relative valuation" - meaning to compare with how much you get from investing in bonds. dont think for a second that is the "traditional" sense of valuation. just my 2c here. a 10-15% correction then a 10-15% bounce - why not ? for those who are very long semi equipment stocks and do not take any protection (selling covered calls or buying puts), their portfolios already lost at least 15-20% of value from the top.