SI
SI
discoversearch

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 299.48-4.8%Dec 12 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rsie who wrote (57161)8/12/2012 2:44:01 PM
From: Return to Sender3 Recommendations   of 95579
 
Taking a look back at the last Major Market Bottom in March of 2009 you will see that the SOX hit its apex well in advance of the overall market. It has done that again during this market advance:



Take a look at the 6 week performance of the stocks that Don was following in his Wennerstrom Grouping on March 6, 2009:

Message 25473269



Interesting isn't it that if an investor had picked the strongest stock in this group as opposed to the weakest ones you would have had very limited profit opportunities. While on the other hand I actually bought ASYT (which would end up going bankrupt) and made good money trading it.

That's not to say it's all smooth sailing either. I still hold a number of stocks bought too soon before the March 2009 bottom that I have a paper loss in. AMAT is one of them. As are PLAB, RTEC, MTSN. But I made so much good money on the other trades I made that they could all go bankrupt (which they won't) and I would still be ahead.

RtS
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext