After the huge move up in August, it isn't surprising to see profit taking post Labor Day. The SOX index is down about 4.5% right now, all the semis are getting hit, not just MU and INTC. A lot of cross currents, with a battle for mind share going on between those who believe--or profess to believe--that the semi cycle will end sometime in '01, and those who see it continuing for at least a year or even two after that. Bound to be anxiety, and a lot of volatility, which is what we're seeing both up and down. Flash companies are getting especially hard hit today, with SSTI, FLSH, ATML and SNDK all down over 6%, but then, they also had an especially good August, so it probably makes some sense, if short term moves ever actually make "sense".
As for the silence: my own opinion is that it is far preferable to the endless chatter on Yahoo.
Sam |
