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 : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (33702)	5/19/1998 11:57:00 AM
From: DavidG	Read Replies (2) \| Respond to of 53903

Larry, I don't think those gaps were be filled anytime soon. I think there will be a test of 25 before a breakout above 28. See chart below. 28 was a very good support and it was tested many times. When it was violated it became a resistance level...and was tested already(for a breakout) and failed so I see the move down. 207.95.154.130 ...Larry, do you know what this means? I am residing in the bear camp for now.<nfg> It is damp and cold and filthy in this place. Can't they even afford a maid once a week to clean up this place. They are working with 286 computers with Black and white monitors. Worst of all they are constantly chanting, day and night, that "DRAM prices are dropping" and "earnings will disappoint". I can't take it...I want out...I am in hell....hhhheeellllpp!!! DavidG

To: TREND1 who wrote (33702)	5/19/1998 12:02:00 PM
From: Patrick Koehler	Respond to of 53903

Now, Larry, you know MU trades illogically, and may do anything. Four days is such a long way off! I am biased to the downside, as I have my charts in the down channel. Answering your question, I will GUESS that MU will close the gap in the next 15 days. Don't know about 4 days. Patrick

To: TREND1 who wrote (33702)	5/19/1998 2:33:00 PM
From: TREND1	Read Replies (1) \| Respond to of 53903

Falling chip equipment index suggests 'bottom may be close' MOUNTAIN VIEW, Calif.--Orders for chip production systems continued to plunge last month, driving down the book-to-bill index for North American suppliers of semiconductor equipment to its lowest point in 18 months, according to new market data. The book-to-bill index fell to 0.79 for April, compared to a revised 0.82 figure for March, based on data released by the Semiconductor Equipment and Materials International (SEMI) trade group here. SEMI's index shows that for every $100 worth of products being shipped to chip makers, equipment suppliers were only getting $79 of new orders. "This month's results suggest that the bottom may be close," said Dick Greene, principal analyst with SEMI. "The decelerating month over month decline in orders and the modest increase in shipments point to a leveling off of the current cycle." SEMI's three-month average shipments increased in April to $1.353 billion compared to $1,343 billion in March. That represented a 1% increase over March's billings figure, and it was 23% higher than a year ago, according to SEMI. Meanwhile, three-month average for bookings decreased 2.5% to $1.074 billion in April compared to $1.102 billion in March. April's shipment total was 13% lower than it was in the same month last year.