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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (21360)7/7/1998 9:17:00 PM
From: yard_man  Respond to of 94695
 
That's exactly right, Mike. It is a ratio.

Things are turning around though -- that's why all those folks out in Si Valley are getting laid off. <g>



To: Mike M2 who wrote (21360)7/7/1998 9:29:00 PM
From: James F. Hopkins  Read Replies (2) | Respond to of 94695
 
Well, the SOX sure has been beat down , every thing else has just
about made new highs , but for the SOX to get back were it was
last summer it has to climb 79%.

Think what you want, but the divergence is to great.
Either the SOX is telling us what's going to happen
to the rest of tech or it's going to go up.
And if it don't soon break out the entire tech sector is
going to stagnate..and I guess that could happen.
--------------------
From the money managers point of view I know they want it
to go up. Take the news on MOT today, it was not good at all
but just a tad better than the analcyst had predicted.
In spite of it being the worse quarter MOT has put out in ten
years the stock went up.
BTW it was not officially released until after the bell,
but it had to leak ahead of that take a look
at time the entire sector took off.
If you get this before they change the chart, if not do a
5 day chart
quote.yahoo.com^SOXX&d=1d
yep at 2:30 the SOX was actually down, as were most stocks in
it, but when the word leaked on MOT, that it was not a complete
disaster in 1-1/2 hrs the SOX climbed over 4%.
Now when bad news is good, a sector is just looking for any
excuse to climb. Unless they really screw up the conference call
the SOX has hit bottom.

Not one stock in it didn't rise.
Symbol Name Prev Cls Last Trade Change
^SOXX SEMICONDUCTOR 244.80 4:30PM 254.87 +10.07 +4.11%
INTC INTEL CORP 73 31/64 4:01PM 75 1/8 +1 41/64 +2.23%
AMD ADV MICRO DEVICE 16 1/2 4:07PM 18 +1 1/2 +9.09%
ADI ANALOG DEVICES 24 1/4 4:01PM 25 5/8 +1 3/8 +5.67%
AMAT APPLIED MATL 30 3/8 4:01PM 31 3/8 +1 +3.29%
LRCX LAM RESEARCH 18 11/16 4:00PM 19 3/16 +1/2 +2.68%
LSI LSI LOGIC 23 4:50PM 24 3/4 +1 3/4 +7.61%
LSCC LATTICE SEMIC 28 5/8 4:01PM 30 3/4 +2 1/8 +7.42%
LLTC LINEAR TECH 61 5/8 4:00PM 63 13/16 +2 3/16 +3.55%
MU MICRON TECH 26 1/8 4:02PM 26 3/4 +5/8 +2.39%
MOT MOTOROLA INC 53 9/16 4:31PM 55 +1 7/16 +2.68%
NSM NATL SEMICONDUCT 12 3/4 4:04PM 13 +1/4 +1.96%
NVLS NOVELLUS SYS 33 5/16 3:59PM 34 15/16 +1 5/8 +4.88%
TER TERADYNE INC 26 1/2 4:01PM 27 9/16 +1 1/16 +4.01%
TXN TEXAS INSTRUMENT 55 7/8 4:19PM 58 3/16 +2 5/16 +4.14%
VLSI VLSI TECH 16 55/64 4:00PM 17 3/8 +33/64 +3.06%
XLNX XILINX INC 34 4:01PM 36 7/8 +2 7/8 +8.46%
-------------
That's the 16 that make up the SOX.
People have already been guided down on earnings, & expectations
are not high, so even a weak quarter by intel will likely beat
expectations.
-----------------
After all the hype in internet stocks, this sector is just looking
for any excuse to go up. Don't think the funddumbs don't know that
money put here is at less risk than in the internet.
If your short any SOX stocks , I'd close them like fast.
Most people will see what they want, and they SOX bulls included
they are going to trash the bears in this sector, just sit back
and watch.
Jim




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