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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Philip H. Lee who wrote (16151)	1/6/1998 4:08:00 PM
From: Judy	Respond to of 50167

Philip, The semi equip makers may be topping this week (maybe now) for the interim. Soundview lowered earnings estimates substantially for LRCX today and the sector sold off. Earnings will come out in another week or two and the market won't hold its breath waiting for good news. Oil service and drillers stocks are in a clear downtrend and I'll not go long even for a trade at this point. Stocks normally bounce off strongly from key supports the first time, medium risk to trade the second bounce on the long side, and only an idiot would try to trade long the third time. I've posted months ago that the drillers would bounce off their 200-day ema, retrace up and then eventually violate this key support and go below. It is happening before our eyes ... just like the crushing of the semi equipmakers not long ago. You might consider using a stop gain on CHKPF. Not familiar with FIBR. Take care.

To: Philip H. Lee who wrote (16151)	1/6/1998 4:41:00 PM
From: Nancy	Respond to of 50167

Philip, FIBR has lots of cash flow problem and management has lost its creditability long ago. Follow the engineers lead, CIEN will be a much better bet. Also QWST, not exactly the same kind but a smart company in providing fibre optic long distance service. they got 2 top executives from LU to join them late last year. Oil drillers & services - as long as crude remain depressed, they are not a long trade until they get down to a ridiculous low level - we are not there yet. The service guys would be better than the drillers