It is a long analysis, but in essence, the leadership's technical picture is wounded, INTC is broken, the leadership of the networking stock such as CSCC, CSCC, CS ASND FORE (not mentioning BAY which is moribund) have all broken major trend lines. And COMS reacted today (after a short spurt up) negatively to very good news.
What are the reasons, some loss of competitiveness in view of the dollar's strength, possible increase in the fed rates which will further cause additional dollar strength and exasperate this part of the equation, oversupplu in some segments of the semi industry, initial cracks in the semi caps companies, fierce battle for hegemony in the software and cpu markets which will cause price and profit margin erosion as it did in the dram business.
Is that enough?
Zeev |
