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Technology Stocks : Semi Equipment Analysis
SOXX 306.14+0.4%Dec 24 4:00 PM EST

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To: Return to Sender who wrote (735)6/26/2001 5:27:04 PM
From: The Ox  Read Replies (2) of 95632
 
Just nibbling to test the waters. Like you mentioned, it was at the low end of the current trading channel so I picked it up as a speculative trade. Looking at the equip side of things, sure looks like most of the charts are starting to turn downward over the past few days. They have put in a pretty good base but I'm not sure it's going to hold up.

I still expect to see some strength during the actual earnings releases in July. Unless we get real good news about order visibility, I would think it's going to be a very tough summer for this industry.

finance.yahoo.com
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