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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Justa Werkenstiff who wrote (3267)	11/2/1997 9:46:00 PM
From: Douglas V. Fant	Read Replies (1) \| Respond to of 10921

Justa, A bit o' good news at least on the semiconductor stocks... ------------------------------------------------------------------------ Sunday November 2 9:01 PM EST Taiwan stocks rally 2.83 pct as electronics surge TAIPEI, Nov 3 (Reuters) - Taiwan share prices rose sharply in early trade on Monday on the strength of a dramatic rally by the trend-setting electronics sector, which had tumbled more than 50 percent since late August. At 0150 GMT, weighted index up 2.83 percent/206.61 points at 7,520.01. Turnover very strong at T$48 billion. Electronics, which had lost more than 50 percent since late August, soar 5.77 percent to pace Monday's rise. In same period since seven-year peak on August 26, overall index had fallen about 28 percent. Oliver Fang, senior analyst, National Securities: ''Investors widely believe that electronics, which have relatively sound fundamentals, have been oversold.'' Fang: ''You see very strong bargain-hunting today.'' Top blue chip Taiwan Semiconductor (2330.TW) back above T$100, rising daily seven percent limit or T$6.50 to T$104.50. Rival United Microelectronics (2303.TW) up T$3 to T$65. Crashes by Hong Kong and Wall Street had triggered global stock shock in past 10 days. Both recovered moderately on Friday. Taiwan's market was closed on Friday and Saturday for national holidays.

To: Justa Werkenstiff who wrote (3267)	11/3/1997 6:14:00 PM
From: Ira Player	Read Replies (1) \| Respond to of 10921

Justa, I'm confused by the use of the term "no brainer" for a stock that isn't showing any signs of technical strength. While a case can be made that the stock is fundimentally sound (if you want to bother making such a case), there is no indication that the recent slide has reachd a bottom. Use of the brain (TA) would indicate waiting until the stock has shown some strength and a few others have reached the conclusion that there is value to be had. Buying only because it cheap, without looking at the trend is short term risky. I'd rather miss the bottom and join when the mood is more to my tastes. Ira