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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Demosthenes who wrote (6808)	8/28/1998 12:26:00 AM
From: Czechsinthemail	Read Replies (1) \| Respond to of 10921

Some items of note from Thursday's trading: 1) The tick figure hit a new 52-week extreme negative during the day at -1887 (previous figure was -1755). 2) SOXX traded down 6.85% to 217.53 and set a new 52-week low at 213.52 while the S&P Semi Equip group declined 8.05% to 123.97 but remained above previous lows (118.64). 3) Declines in large cap semi equips -- AMAT (7.61%), NVLS(7.36%), KLAC (9.98%) -- were generally greater than smaller DUV and mask-making companies -- CYMI (4.56%), DPMI (3.27%), PLAB (6.98%) and ETEC (4.23%). Generally, you would expect some kind of rally from the extreme negative tick figure. While lots of discussion has focused on the timing of the semiconductor recovery in relation to semi equipment with a general expectation that a semi recovery will lead a semi equip recovery, I'm wondering if we could be seeing a situation in which the semi equips have been so heavily sold off (down 53% from their highs) in relation to the chip makers that their prices may already have bottomed and discounted the second coming of eternal hellfire. Baird