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To: TREND1 who wrote (27707)2/3/1998 8:47:00 PM
From: Thomas G. Busillo  Respond to of 53903
 
Larry, the quotes don't lie. It's been a tremendous run. Unfortunately, some of the analysts seem to have equated "delaying fab expansion" with "blowing up existing fabs".

Eventually the "schock value" will wear off and we'll go back into "pie plate" mode.

Although I have to say, this piling on the MU bandwagon by market strategists like Cohen and Acampora is an interesting development. Maybe Kurlak could ask Charlie Clough for some help? At this point, he certainly needs it.

Acampora's obviously a little better than me @ TA, but I don't see it clearing it's 50% retracement (40.84) with any kind of conviction or duration.

We'll see who's right.

BTW, still waiting for John Murphy's 70 <g>

Good trading,

Tom