RB,
After selling FSII, I own 3 stocks out of the group - KLIC, SFAM and VECO. So far they have been doing very well this year with gains of 72, 99 and 56 percent respectively. I think all 3 still have further to go, each for multiple different reasons, but in a volatile sector like the semi- equips, who knows for sure? <gg> Incidentally, you mentioned SMTL. In looking at its performance since the first of the year, it is up 158 percent to lead the group of 35 stocks. Your other pick, MTSN, is in third place, up 142 percent.
Since the first of the year, the "bigger cap" stocks, on average, have not done as well as the smaller cap stocks that were lagging somewhat in the run-up last year. As an example, the 4 stocks in the group that are a part of the 16 stock SOX-X index, AMAT, NVLS, TER and KLAC are up for the year 36, 30, 29 and 23 percent respectively. In ranking percentage gains for the year to date, AMAT at 36 percent is in position 21 out of the group of 35 stocks. KLAC is in position 28. If I had to guess, I would say the smaller cap stocks would continue to outperform over the very near term until some of their evaluations "catch up" to the bigger cap stocks. Having made that statement, however, their are a lot of exceptions to the rule - some of the smaller cap stocks are already ahead of the larger caps in terms of evaluations such as P/E ratios.
Since the first of the year, there are only 2 negative performers in the group - UTEK and TGAL, with losses of 6 and 7 percent respectively. Who knows when they might break out and start to do something? |
