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Technology Stocks : MEMC INT'L. (WFR -NYSE) The Sleeping Giant? -- Ignore unavailable to you. Want to Upgrade?

To: All Mtn Ski who wrote (3730)	8/27/1998 12:25:00 PM
From: Wildstar	Read Replies (2) \| Respond to of 4697

A similar downturn has also been taking place in the oil services industry and the valuations in some of those stocks are unbelievable. Everyone's been calling a bottom for months now and the bleeding still hasn't stopped. And the downturn in the market punishes beaten down stocks more than the big caps. This is my main reason for staying out of the semis. I don't think that the market is anywhere near ready to make a solid bull run. I think people think of Asia as simply a "flu." I also don't think the street realizes how bad the downturn is. AMAT is still selling at 2.6sales whereas in 96 they were selling at 1sales. I am staying on the sidelines with dry powder until the market seems ready to move up. It might be a long time.