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

To: shane forbes who wrote (5611)	6/1/1998 1:32:00 PM
From: Mason Barge	Read Replies (1) \| Respond to of 10921

We may see the meat of the sector crash this afternoon. It's been sliding all day while the Dow made a nice 100 pt. gain, but the blue chips are weakening and there is going to be more carnage before the curtain falls. AMAT may well break under 30, and if it closes there, we will likely see a gap downwards of a couple of points and (hopefully) see the sector bottom in the next week or two. Volume in AMAT is finally gaining momentum on the down leg -- the weaker players are starting to run. Personally, I'd like to see it go ahead and crash, so I can get my money invested and forget about it. I did manage to get an uptick around 10.30 to short a little AMAT (1000), but I can't spend my day trading. If and when AMAT gets to the mid-20's (unless there is absolutely hideous news), the value investors should come out in enough force to prop the sector up. Anyway, if AMAT breaks under 28 in the next couple of weeks, I'm not waiting any longer to jump in. For anyone long at this point, my honest sympathy. I hope and expect you'll recover any losses and start to see a profit in just a few months to a year.