Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Donald Wennerstrom who wrote (10088)	6/12/2003 2:32:34 PM
From: t2	Read Replies (1) of 95530

The downgrade(s) continue for the semi-equips Anyone have a comment on recent weakness in the sector? Day after day of downgrades..seems un-ending! ...you get to a point where another downgrade becomes a turning point to the upside. Notice analysts as well as fund managers seem very bearish on the entire sector. There has to be enough skepticism about valuations by now as if there was not any before.<g> Could this be that turning point. Selling exhausting itself. I have seen the SOXX/SMH going down all week while the Nasdaq has held up well. My guess is that the Naz takes the semis higher soon or vice versa. I get the sense that the SOX will blast off because of this negativity. ------------------------------------------- btw-noticed all the put buying in the QQQ june 31s today and July/August earlier in the week. That should be bullish as well I believe.

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