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Technology Stocks : Semi Equipment Analysis
SOXX 302.84+2.0%4:00 PM EST

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To: Return to Sender who wrote (42628)1/12/2009 2:16:06 PM
From: The Ox3 Recommendations  Read Replies (1) of 95515
 
fwiw,

I would be very, very cautious going long (long term) most semis here. I completely agree that most of the formations suggest at least one more large move down.

Earnings and forward guidance do not look good right now and I think the market has not priced in all the short term pain ahead.

Individual issues should be watched carefully for extremely low entry points. Way, way below what would be considered "on sale".

jmo

TO
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