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Technology Stocks : Kulicke and Soffa -- Ignore unavailable to you. Want to Upgrade?

To: Muizz M. Kheraj who wrote (2168)	11/21/1997 9:53:00 PM
From: HoodBuilder	Read Replies (1) \| Respond to of 5482

I think you can chalk today upto good old "follow the leader" If you look at the last several weeks, Friday was the day to be Short and Monday was the day to be Long. I don't believe the Dow and Naz will continue to diverge as evidenced by Thursday's Naz rebound. The techs are still oversold especially KLIC. I'm content to wait this one out atleast for a few more weeks. My jan calls will not start to erode time premium for quite a while. All I need is a blip to $34/$35 and I'm stting pretty. I plan to sell all of my Calls and write the Jan 40's against my stock. On a pullback at the end of the year I'll position myself with April 30 or 35 calls for the next Q's report which should confirm what Scott K's been talking about for months. BTW that ANALyst that downgraded the sector today must not understand English or know how to read a chart. Then again, negative sentiment is "GOOD" for the market.

To: Muizz M. Kheraj who wrote (2168)	11/22/1997 3:33:00 AM
From: hpeace	Respond to of 5482

NEW YORK (CBS.MW) -- Disappointing news from computer maker Micron Electronics sent technology stocks sprawling Friday. Meanwhile, another analyst expressed concern about the long-range health of Applied Materials and other chip-equipment makers. The Philadelphia Semiconductor Index fell 1.2 percent, the Amex Networking Index 1.4 percent. The High Tech 35 Morgan Stanley Index of major computer-related companies fell 0.9 percent. More broadly, the Pacific Stock Exchange Technology Index declined 0.7 percent, while the tech-laden Nasdaq Composite lost 6 points to 1620. The Dow Jones Industrial Average, in contrast, rose 54 points to 7881. Micron Electronics fell 2 5/16 to 11 9/16 on volume of 5 million shares after warning that fiscal first-quarter net income will be "minimal," and will trail Wall Street estimates of 22 cents per share. The company said its growth in PC systems will rise about 30 percent from year-ago totals, but less than it had anticipated.