Wallace,
TER - VERY different from SYMC. I don't have it, but
I have KLIC+ASYT. There are couple of truths in
semi-equip investing:
1. All semi-equips move in unison - so you may
as well buy best: AMAT, TER, ASYT, KLIC, KLAC.
Or the cheapest: COHU, EGLS, etc.
2. They all follow the semi cycle but more violently.
3. Nobody knows when the cycle will end and when it
will begin.
4. Buy very low, sell high. If you think you are buying
low, wait for "ridiculously low". Don't buy high,
don't sell on 20-50% bounces.
This year is an anomaly because the business is still
fine, but the stocks dropped to cycle lows.
Either the business bottom will drop out, or the
stocks will recover. Reasonable thing would be to
wait until the next real cycle bottom. Risky thing
is to buy now.
Jurgis - No, SYMC is not cyclical |
