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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (7491)	10/29/1998 12:07:00 PM
From: Jerry Olson	Read Replies (1) \| Respond to of 44573

Hi Suresha There are selected semis & semi equips that will not do well in the next 2-3 quarters..i've posted that before... however they are pretty cheap...i feel they have bottomed and the fundies are looking for cheap beaten down stocks.. the sector is bullish right now as eveidenced by the SOX index it's in a breakout...also P&F has semis in a 60% Bull Confirmed status... i would be very careful short selling these stocks right here... the markets going to move higher in advance of the FOMC...however i do NOT feel AG will cut at this meeting...just a hunch...if not, i picture a 1000 point selloff, which willbe a wonderful buying opp... anyway there are solid semis right now basing every day... regards, Jerry