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To: Moonray who wrote (10631)3/5/1998 9:53:00 PM
From: shane forbes  Respond to of 25814
 
Moonray:

About the semis in general I did not like what happened late in the day today. I figured we "escaped" in the morning and it was reassuring that we did not face intense selling pressure throughout the rest of the day. That pretty much left the close of trading when they came pretty heavily. This is not a good sign me thinks. Would have been hoping that the buyers somehow would be convinced and come back in. There's only so much patience the market can take with the semis! Now we have potential downfalls from TXN and MOT in addition to INTC. The PC/commodity guys are not a good area to be in right now. Also by extension any semi is not a good area to be in right now. At least the companies are all timing it right. Throw the garbage out all at once!

Shane.