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

To: Clint E. who wrote (19669)	2/3/1999 11:46:00 PM
From: Suresh	Read Replies (2) \| Respond to of 70379

Hi Clint, I am always little hesitant to go long on semi's or semi equipment stocks (cyclicals) after a secondary. Previous cycle highs always have occurred with the secondary (LSI, SFAM etc.). However I will join the ride with others since everyone is talking about the growth in 2001. It is a pretty safer bet so nothing can kill their momentum. I have learnt my lesson to take the easy money when the market gives it to me. I strongly doubt that market is an efficient engine of future. Odds and Ends: Start with X. Reduce it by 40%. Reduce it again by 5%. Increase it by 15%. Increase it again by 40%. Now determine the value of X. In my book it is 0.9X. What is X ?.... Rev of semi equipment in 97. Final projection is for Year 2001 rev and based on that every tom, dick and harry is issuing strong buys. Later, Suresh