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

To: The Ox who wrote (15738)	6/15/2004 2:15:44 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95566

Wrong again. While I don't believe you can separate the SOX from the NASDAQ I only disagree with you in that you are assuming the great majority of sentiment is negative. It is not negative. It is overly positive except for the extremely high total put to call readings. Was TSM a great buy yesterday? YES Could the market go higher? YES Is sentiment negative? NO NO NO NO NO NO NO NO NO NO! Show me one objective measurement of sentiment like the CPC that is overly negative. Is the VIX or the bull to bear survey like they were in 1998? Look at the bull to bear survey in 1998: zealllc.com Look at it today: vtoreport.com Look at the VIX then: zealllc.com The VIX is now the VXO but hopefully you are getting my point. You can make money by bucking the trend short term. The trend may even turn but this is not 1998. investorshub.com investorshub.com And sentiment is far from negative. It is mixed at best and overly bullish to this objective eye of mine.

To: The Ox who wrote (15738)	6/15/2004 4:46:50 PM
From: Donald Wennerstrom	Respond to of 95566

Thanks for the post Michael. You took the time to write up your outlook, sorting out the semiconductor area from the rest of the market which IMO is very appropriate. Furthermore, I just wanted to say I agree with your reasoning and outlook about the sector. There is still a great dichotomy in the investment community about the semi area - ie - is the cycle going to continue on an upward path, or are we "doomed" to another hard down cycle for several quarters. My vote goes to a continuing upward cycle, where growth is "softer", but more sustainable than in past cycles. Don