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

To: Clint E. who wrote (18744)	12/8/1998 10:48:00 PM
From: Suresh	Read Replies (2) \| Respond to of 69209

Hi Clint, I was once again going thr' MER research report.... They issued a research report on LU on 12/7/98 with a 12 month price target of 100. I guess it took the market just 12 hrs to reach their target :) I see many bullish predictions by semi investors these days. I think I am in dark ages. For cyclical industries (esp. equipments) market is assigning peak market valuation. I guess street thinks that AMAT, NVLS etc.. will have sustained growth forever... (I hope it will be true only when pigs can fly). I play and have played momentum games but this is getting ridiculous. You are just getting neutral on the market but I am getting downright bearish on these SOX stocks. Later, Suresh