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

To: Mason Barge who wrote (5629)	6/1/1998 3:12:00 PM
From: Paul V.	Respond to of 10921

Mason and threaders, It looks like the Semi's are following the same cycle as they followed in July 1996 when the Sector hit the Dorsey Wright its low Bull percentile of 12 % level with AMAT hitting it low price of $21 5/8 at that same time with an IBD AMAT relative strength of 10%. AMAT dropped from it previous high of $60 to the $21 5/8 for an approximate 64% drop before reversing back up to set a new high of $108 high presplit ($54 post split). If it drops a similar 64% off its recent $54 high we could see approximately $19.50 AMAT price. Today, we broke and equalled another DW double bottom spread at $30. The next double spread is at $27.00 followed by the previous DW low set this year at $26. I am keeping my power dry until I see AMAT's DW reversal back up. Naturally, the above is only my opinions and the data which I have reviewed from the Dorsey Wright site. Readers are reminded the old saving, "caveat emptor (buyer/reader beware)." Paul V.

To: Mason Barge who wrote (5629)	6/1/1998 9:06:00 PM
From: shane forbes	Respond to of 10921

Mason: from techweb.com techweb.com (FWIW late summer is about where I see it - maybe a little bit later depending on how far down AMAT goes these days. AMAT just under 30 I see!) shane (Up my 30% blood flowing from an earlier post to 40% - they are definitely beginning to worry about the big caps and the cracks are opening up. You can bet by the end of this q that our friends in the mutual fund industry will be bailing out of AMAT et its bigger brethren. Unless we see some panic moves in the interim I expect dirt cheap shares by June 29 and then with continuing lower BTB another round of weakness in around the Aug. time frame. That should just about do it and then time to load the boat and do the salsa over the next 3 years or so. Some things may change but the cowardice & obscene stupidity of mutual fund managers never does. So there!)