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To: Return to Sender who wrote (12162)	5/4/2011 9:11:40 AM
From: robert b furman	Read Replies (1) \| Respond to of 13403

HI RtS, As always you make great sense. My comments were aimed at shorting semi stocks and they are depressed and low from the price to book and peg,and in many cases PE basis. I'm not buying any here and I'm not selling or shorting any here. I think it is dangerous to short at these price levels semi's. That is certainly not to say there are not topping out stocks with high valuations - just not semi's in general. I believe conservative investments can be made with semi's that pay dividends and are great values. Shorting is like catching a thrown knife at the very apex of a top - hard to do and extremely rewarding when done correctly. It is a lousy scalping tool - because it has traumatic risks as does buying inflated stocks - just because they have been going up. Bob