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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (20187)	6/11/1998 7:04:00 PM
From: jtechkid	Read Replies (2) \| Respond to of 70976

i will be a buyer on any major weakness because we are at the bottom or close to the trough-this downturn is u-shaped and we areat the bottom and valation on most semi's have come down and my point these are well capaitiized companies. in commom sense, the big selling should have been in febor march when we were heading into the eye of the storm or the weakest quarter-july-now we are at the bottom of the cycle and its time to buy even though it will be bumpy this is strong group who's stocks are getting destroyed. what i think is funnyis what happened from the past six months-everysemi was missing the street and their stocks were rallying . now we are 2year lows and if you pre announce you go down 7-10 points.does not make sense. as i stated when i was short-at some point you will have throw in the towel selling and i see that happening. also, the market is all about rotation in industry. one year ago everybody hated the retailers and the interrnet stocks now their the best performing group and everybody loves them. now, everybody hates semi's and in september they will be loved and everybody will hate the retailers. you do preetty well buying the leaders of the worst performing industry. right now tells me short the retailers and utilities and go long semi's heavy and small the oil drillers.