Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?

To: Kent Sarikaya who wrote (1647)	12/14/1997 5:32:00 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 2754

Kent, I hope you don't mind too much, but I would like to hold off adding AFLX and SFLX to the "index", at least for the near future. At some point, I will have to "start over" and I would like to wait until that time to add or subtract stocks to those I presently report on. To make the reporting effort relatively simple, I have to keep the same list of stocks over a period of time. My reason for starting the reporting effort was simply to "look at the big picture" for the semi-equip stocks. I was looking for a way to evaluate the group as a whole. For me, it has been very beneficial to date. One thing it has shown me, is that to a large degree, the stocks go up and down as a group. True, some do better than others, but as a whole you "can't fight the tape". The good and the bad move together, up and down. Right now, I am trying to establish an entry point for the next up cycle. In other words, where is the next plateau? I think FSII is still vulnerable. It held up relatively well last week, but it still has a high PE compared to many of its peers. I keep thinking it may go down to 10 again before it starts back up. The next few days, or weeks, should be very interesting! Best Regards, Don W.