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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (7801)	5/23/1999 9:01:00 AM
From: Jerome	Read Replies (1) \| Respond to of 10921

Gottfried, Your posting of the BTB charts, and AMAT's and KLIC's stock prices have made interesting discussion topics for this thread. But perhaps they are inconclusive. For example: The BTB is released on the 19th or 20th of each month and yet you are using month end prices of the the two stocks to validate your points. There are between five and seven trading days between these two events. Retail and auto stocks will move on the day of, or the day after the previous months sales are released. Would not the same be true of semi-equipment manufacturers? Using any Friday as a basis for stock price measurement is another problem. On line traders, and day traders increase the volatility of many issues, including AMAT and KLIC. One of their mantras is not to hold stocks over the week-end. The sell offs we now see so frequently on late Friday are a possible consequence of this type of thinking. My view after looking at the chart for KLIC and the BTB is that there is no relationship between the BTB and KLIC's price. Someone posted earlier that the Feb. runup in prices of AMAT and KLIC were aberrations. Well in empirical measurements (Berekely, Locke, and Hume) there is no room for aberrations. Aberrations prove that the initial premises were incorrect. Having studied British empirical philosophers for several years in college, I was always impressed that even though all the parts of a theorem were correct the conclusions although logically correct were false or absurd. Keep in mind that this is Sunday Morning, and I'm just trying to stir things up a bit for want of better things to do. Thanks for all the charts of recent weeks. Jerome