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Technology Stocks : Semi Equipment Analysis
SOXX 314.52-0.6%Dec 11 4:00 PM EST
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To: Return to Sender who wrote (49117)8/25/2010 1:02:42 AM
From: The Ox   of 95574
 
...saying they believe the acceleration in weakening demand trends that they expect across the tech landscape (i.e., networking/wireless and industrial for Plexus), will eventually catch up with the company.

The analysts are in nearly in unison with these types of statements. Almost every current prediction from this group calls for earnings in most semi/network/tech companies to peak at some point in the next 3 quarters. One example, ASML, is expected to earn over 90 cents for the next 3 quarters and then drop to 70 cents by the 4th quarter of 2011.

I find this somewhat humorous, as few claim to have any ability to forecast past the next few quarters anyway. With this in mind, their collective negativity (or simply caution) dictates that we are at the peak.

Volume is relatively low in many stocks that I follow. Even when support levels appear to be reached, there just isn't much in the way of buying support. With this as the background, one must stay aware of the trend. It is down for almost every stock in this forum's focus. At some point we will see a turn but I think its wise to keep plenty of cash available during the down trend. Loading up too early will be costly and may require extreme patience.

jmo

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