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To: steve susko who wrote (14861)	7/17/1998 1:28:00 AM
From: Andrew Vance	Respond to of 17305

AV--I am not so sure that MSFT will drive the market tomorrow as much as the fact the we are heading into Options Expiry Friday. You also have a whiplash effect from SEMICON. I am more impressed with SUNW, FORE, TLAB, ALTR, TDFX, TQNT, and CRUS for their recent quarters and was pleasantly surprised that NVLS was not as wretched as expected. All is not well though, since the disk drive related stocks did not fare well nor did some of the IC semis like XLNX and VLSI. I want to make it perfectly clear that I do not think we will see a real massive turnaround in this sector for the rest of the year. there will be pockets of performance as previously alluded to but it still seems to be a guerilla warfare market where you should be going after a few 10-20%ers then regroup and hit another stock hoping for a slight retracement. Occasionally you will come across a MIPS or CYMI which you react to differently. I hope I am wrong and we get the rocket to the moon out og this sector real soon but I am playing for a flat performance for the rest of the year with pockets of pops and spurts every so often to make things interesting. Weekly trading and stock picking of the major stocks in the sector seems to be the most conservative approach. Where to tomorrow?? Well, here's hoping that the SYBS release today helps with some positive action tomorrow. CFMT when it gets to 10 or below will be a nice play for a couple of fractions which is a nice 5% trade. LRCX could be taken for a 10% ride at closing price today. KLAC needs to retrace a bit and then be a 5-10% player. I would also expect AMAT to take a hit over the next few days where a sub 30 and maybe a sub 29 entry could yield a profit of 5-20% over the course of a month. NVLS, PLAB, and VECO could make a good 20% run at anytime. I would hope to wait for next week, post options, for some retracment and then a play. Andrew