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

To: Sarmad Y. Hermiz who wrote (15805)	6/18/2004 9:42:04 AM
From: Sam Citron	Respond to of 95526

6:12AM Semi equipment stocks becoming buying opps after book-to-bill data -- WR Hambrecht : WR Hambrecht says recent selling pressure on semi equipment stocks may continue this morning in response to a slight decline in the industry book:bill to 1.11:1 from 1.13:1 (and a front-end B:B of 1.09:1 vs. 1.12:1) on slightly higher sales. SEMI's monthly equipment order figures for May were flat with April and in line with expectations. Process equipment orders for MayQ were up 20% from FebQ, and 129% from a year ago. Back-end order growth figures were similar month/month and quarter/quarter and rose 88% from a year ago. The firm believes that the flattening of orders is mainly seasonal and look for renewed order growth (and a rally in the stocks) by autumn in response to continued strength in electronics demand and semiconductor production. The industry's normal seasonality and the transitional between technology nodes are only temporary and are creating an excellent buying opportunity in these stocks. www.briefing.com

To: Sarmad Y. Hermiz who wrote (15805)	6/18/2004 12:19:51 PM
From: The Ox	Respond to of 95526

Hi Sarmad, I think that there are more day traders today then ever before. With the online internet brokers, anyone with a few hundred to a few thousand dollars can be a day trader. With trades costing as little as $2 per round trip, a small trader can play small ranges and be very profitable (% wise). I think a lot of the trading volume consists of these tiny lots going back and forth, ping ponging. The brokers love it, they rack up the commissions. Between the little day traders and the program trading, I would be that this covers a huge portion of the volume, percentage wise. I think the volume numbers are dramatically overstated because of these 2 factors. jmo