Lane, I agree. DSGX, a smaller firm, rose about 20% today on an excellent earnings report, giving me a bit more confidence in this sector. ARBA has outstanding potential especially with their recent acquisition. The key is whether they can execute on a high level right away. CMRC was a great buy yesterday and perhaps longer term. ITWO had the bad PR from Nike and haven't researched it much.
I also like the ECM sector, like FLEX, SANM, SLR, JBL, etc., as you know, but I am not sure there is a hurry to buy anything for a month or two or three.
On SEMI's the rise the last couple days has been impressive but I really wonder whether the SOX can go up another day. The SEMI's were among the first to come down last year - remember NSM's warning way back when, so that is why they are among the first to make some rumblings of a comeback. But I think it is still too soon. I see stocks like LRCX (one I love longer term) that I think is short term overextended and TQNT (also one of my longer term faves) seems overvalued here with the severly reduced earnings picture. Let's give these another month or two (or quarter or two) and maybe we can get a stronger rally. Can't see it here.
Meanwhile I just keep daytrading with an occassional purchase of a VRTS,BEAS,ARTG, CIEN, FLEX, SANM, GLW, AMAT etc. when they get beaten down enough. I really prefer the companies that have recently given decent or positive guidance going forward. The list unfortunately isn't huge so it's not a tough call. |
