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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Iris Shih who wrote (18143)	10/23/1998 5:37:00 PM
From: Clint E.	Read Replies (1) \| Respond to of 67963

Thanks Iris. I am pretty much in agreement with MER. Just because selective chip makers could see order pick up of ~ 7-12% next year doesn't mean they are rushing to upgrade their existing fabs or add new ones. Some positive sentiment plus momentum playing & short covering are skewing the facts in the short-term. Ten-Fifteen points back, AMAT, NVLS, TER, KLAC were considered value plays. Good job to those who got in. There coule be another 5 points in them but then the ride is over. Something fundamentally-related could happen to set them back 50-75%. Another weak BTB may do it. Clint