ted, BTW, good to see you posting here...
anyway, you said Petz, first JJ was talking about the semi's business and not the their stock prices...
No, I think JJ was saying, "Buy the stocks now, because the business will bottom within the next 3 months. Well, guess what, three months later, we are about to get a slew of earnings reports that say that the semi business has NOT bottomed.
if his recent call is anything like his call in June of last summer, he's early by about 6-8 months
No, his call last summer was right on the money. If we had all sold in June, we'd all be a lot less grumpy!
Bottomline...the semi's business is sucking foul air and until that changes, their stocks are stuck in trading ranges. At least that's my view of things.
Guess I'm more bearish than that.
Petz |
