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Technology Stocks : Tower Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Ed Hawkins who wrote (573)	12/9/1997 6:12:00 PM
From: slob	Read Replies (1) \| Respond to of 1853

Ed, I remember all the HP / MOT and capacity utilization problems in 96. That said I also remember reading all the negative comments on this thread. It was my opinion at the time that the semi market would pickup in Q4/96 to Q1/97 time-frame. That meant that TSEMF only had to cover small losses for half a year. As it turned out they didn't even loose money. Yet the stock traded at under $6. Even though it was not even possible for TSEMF to have lost the cash/market-cap differential in 2Q's. All that I'm saying is that TSEMF does not trade according to any rational logical value system. If you trade this stock you need to take this over-shooting and under-shooting into account. Slob