Hitch, Thanks,I'll do that- each week I cruise about 7 or so web sites just looking for data on new or different tech stocks. I'm watching the semiconductor equipment companies closely now. EFII sounds interesting, as I'm looking for tech stocks that are oversold. I think that we have a bear market in the US this year into the summer, before we start a sustained rally.
Techs are often market leaders- they led on the downside, and will likely lead on the upside when the smoke clears. look at SECX and SEMX which are similarly situated with EFII....
CREAF bounced about 20% on this relief rally- in one week! If you play the relief rallies until mid-summer and are otherwise conservative, then you can be in good shape rate of return-wise by mid-year before the rally even starts....
And this is all conjecture before CREAF's earnings. Unless CREAF earns some ungodly amount like $1.00/share, my guess is that the Street will take current earnings for granted and focus upon CREAF's statements in its quarterly conference call about three things-(1) business conditions going forward; (2) The effect of the Asian currency devaluations upon CREAF's cost of doing business; (3) and how the three new acquisitions are being assimilated. (My guess is that when the smoke clears and all factors are weighed that the net effect of the Asian crisis upon CREAF's business will be only slightly negative to actually neutral), If and when that clears and CREAF keeps on postings good earnings, then watch CREAF take off like a rocket on the upside.... (indeed if you are lazy and do not want to play the releif rallies and ups and downs in this stock, just place a long-term buy-stop @ $21.90/share and jump upon the CREAF bandwagon whenever it breaks out above $22/share....
Finally technically, CREAF still has a slight downward bias in its up/down trading ratio. The ratio peaked on the downside about a month ago (year-end selling?) and has now faded to below 1..... CREAF in fact is following apattern that many tech stocks are playing out- in fact a number of the tech stocks that I watch the technical data on have upgaded in the last few days from "avoid" to "neutral" ratings. That suggests just like the imbalance in the NYSE put/call ratio on the put side (excessive pessimism) that we are lot closer to a bottom on this downward move....
Allright- no more BS from a tired geek.....
Sincerely,
Doug F.
Sincerely,
Doug F. |
