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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (14981)	5/16/2005 8:26:12 AM
From: matt dillabough	Read Replies (2) \| Respond to of 25522

Semi Equipment: Bull trap, fundamentals always trump money flows -- BofA BofA out noting a bit of positive news on the margins for semi-equipment mixed with money flows is putting a bid under the semi-equipment stocks. Money flows are probably the bigger impact because the news flow in the group remains mixed. Money exiting the basic materials and industrial sectors appear to be finding a home in the semiconductor sector because semi's have underperformed. It is a trade that will likely disappoint because the firm thinks semi-equipment fundamentals will take another step lower when the memory vendors pull back on cap-ex. Similar rallies in stock prices in the semi equipment sector over the last 12 months have ended with sharp down drafts in stock prices.