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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 (5727)	6/7/1998 9:05:00 AM
From: Jerome	Read Replies (2) \| Respond to of 10921

Some Reasons for Optimism.The bottom is here now. Bad news and downgrades are having less and less impact on stock prices. Good news is also having less and less oof an impact. Examples. ASMLF gets a great article in Barron"s and the stock continues to tank. ETEC and ASYT report great earnings and also go in the tank. HWP reports good earnings of .65 cents a share and tanks anyway. People act as if INTC is about to go out of business and remember nothing about how long INTC would traded in the past below 70. When irrationallity takes over, the bottom is here. Other posters on this site compare todays prices with those of a few years ago. They are hoping to buy when AMAT gets to the low 20's . This is mostly wishful thinking. Todays market is much stronger than it was two years ago. Even out of favor stocks will not fall as they did then. Foreign money is flooding into our market and a good part of that is going into tech stocks. Others on this thread are waiting for a big bell to go off announcing that the bottom is here, buy now. Well the bell went off this week but everyone was too busy reannouncing dire predictions from other web sites. When this earnings seson starts many tech companies will report decent earnings higher than expectations because expectations have ben lowered so greatly. These same companies have all but factored out SEA out of their projections for the near future. If SEA does do any buying in the near future it will just be a huge plus. Good luck to all.....Jerome