What do you guys think of the book to bill. These analysts said the following:
Book-to-Bill : Prudential Securities says this afternoon that it expects further declines in the book-to-bill in the upcoming months and anticipates that the overall book-to-bill ratio will drop further.
JP Morgan on Semis : Last night's book-to-bill report for Feb shows that the rate of decline in bookings is slowing (from -20% to -3%). JP Morgan continues to recommend investors build positions in the stocks it upgraded Feb 14 (AMAT, KLAC, NVLS, ASML, VSEA).
So, with the book to bill continually dropping with no end in sight, why did
AMD,LRCX, and MU break out to new highs? (Out of their recent patterns, not the 52 week high of course).
This leads me to believe that the SOX could break out to the upside too with these 3 stocks now
breaking out. It is strange. CSCO,SUNW,ORCL still have BAD charts, and MSFT just a few days
ago had a horrible chart. These charts are going from bearish to bullish very quickly. It's enough to
give a bear heartburn. Anyway, I think the SOX is the KEY to the Naz, so what do you guys think
of the SOX situation? Thanks. |
