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

To: Donald Wennerstrom who wrote (15385)	5/24/2004 11:49:56 PM
From: Gottfried	Read Replies (1) \| Respond to of 95610

Don, so the group ignored worsening earnings projections and prices went up instead, back near the end of '02. So much for 'looking 6 months out', or so much for trusting earnings projections. Gottfried

To: Donald Wennerstrom who wrote (15385)	5/25/2004 12:08:26 AM
From: Return to Sender	Read Replies (1) \| Respond to of 95610

Yes that's right Don, we need to know, not just believe, that institutions will buy and hold, at the next bottom. That bottom will be marked by high VIX/VXO/VXN readings and really low BP Indices Numbers but numbers that may be lower for the VIX/VXO/VXN and higher for the BP Indices than those set before the true bottom is made. Another hallmark of the actual bottom will be seen by those earnings estimates being lowered again at the actual bottom. It sure makes it easier to beat expectations when they are lowered! Thanks Don and Gottfried for working through this with me. RtS