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Strategies & Market Trends : InvestRight - Short Term Trading St -- Ignore unavailable to you. Want to Upgrade?

To: kiwi who wrote (212)	9/17/1998 7:08:00 PM
From: Jeffrey L. Henken	Respond to of 939

Happy to see you here KIWI! How is life down under? When the semiconductors heat up, the whole group will fly. There is some stirrings amongst analysts suggesting it is about to happen: biz.yahoo.com Chipmakers' bullish outlooks may be the most important sign of improvement in the industry, Kumar believes. Earlier this month, Intel Corp. (INTC) forecast 8 to 10 percent sequential revenue growth in the third quarter based on strong demand from U.S. and European computer makers. Analysts had been expecting flat to slightly higher sales. Thursday, influential Merrill Lynch analyst Thomas Kurlak said Advanced Micro Devices Inc. (AMD) has recorded better than expected sales of its K6 chip, and noted that renewed demand is boosting average selling prices for microprocessors cbs.marketwatch.com I am looking for stronger insider buying to confirm that this is indeed the case. JMAR looks pretty good with some limited insider buying. Technically the chart is bad and the upside is probably limited due to overhead resistance at around 2.44. You also have to like the share repurchase. Personally I give it a semi positive rating. If it moves over 2.80 it will be picked up as a buy by those who follow technical analysis alone. It will move as the semiconductor sector improves. InvestRight Regards, Jeff