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

To: Ian@SI who wrote (4132)	12/24/1997 12:28:00 PM
From: Proud_Infidel	Respond to of 10921

As of 12:13: DJ INDUSTRIAL (REU:^DJI) -28.15 (-0.37%)Prev Cls NASDAQS/NMS COMPSITE (Nasdaq:^IXIC) -11.56 (-0.77%)Prev Cls SEMICONDUCTOR (XPH:^SOXX) -2.40 (-0.93%)Prev Cls This pattern has been repeating itself over the past two months with slight variation. On a down day, the DJI falls by the least %, followed by the NAZ and then the SOX showing the greatest loss. On an up day the exact reverse occurs. This has been the pattern with slight deviation. IMHO, early sometime in '98 we will see this pattern reverse. All of the bloated DJI multinational "Nifty-Fifty" stocks will(should) trade in a sideward to down pattern, while those whose earnings prospects are brighter(even with SEA) will lead us higher. Looking at the SOX index, I am very excited about the prospects for '98. Historically, semis have lagged behind other market sectors for 2-6 months before turning aroungd and regaining their leadership. We are two months into the current tech slump and as of last week the SOX index was near the bottom of the sector's in IBD for performance. Believe it or not, I consider this very bullish about the prospects for our companies stock. Once all of the excess and worry is wrung out of these stocks, look for a sustained rally which will once again take the techs to richly valued territory a la Summer of '97, now known as the Good ol' Days<G> Looking for a MUCH better '98. Regards, Brian