Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 316.33

+1.3%

Dec 10 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Donald Wennerstrom who wrote (42603)	1/10/2009 1:24:12 PM
From: Donald Wennerstrom	5 Recommendations of 95561

This is the update of the weekly comparison for the Group and the SOX. Here the situation is the same as the previous post of the LRCX WFR comparison tables, ie, earnings estimates are down but the prices are up compared to the bottom on 11/21. However, there is one distinction. In this case both the Group and SOX price decreased this week compared to last week. The important item to watch on these tables is the steady downward progression of "curr yr" and "next yr" earnings estimates. With the reporting of past quarterly earnings starting next week for the next 3 to 4 weeks showing poor results, and most importantly, companies probably for the most part presenting dismal outlooks going forward, the downward trend in these earnings estimates will most likely continue. How much further down is the question. If it is bad enough, this will cause the 5th Elliott downwave in the averages that has been postulated by some analysts.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next