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Technology Stocks : Semi Equipment Analysis
SOXX 288.52-0.3%Nov 14 4:00 PM EST

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To: The Ox who wrote (1493)12/27/2001 11:53:03 AM
From: Return to Sender  Read Replies (1) of 95420
 
I know ICST upped their projections. ESST also upped theirs and I took a position in that one yesterday. I believe the SOX has shown enough strength that breaking down from here is highly unlikely. That means this current run will likely take us through the 200 day moving average to the upside.

stockcharts.com[h,a]daclyyay[pb50!b200!d20,2][vc60][iUb14!La12,26,9!Lk14]

Like Don I am an optimist by nature. It is nice to see the SOX and market in general maintain a trading range with a potential for an upside breakout. Some people would be concerned about a convertible like that which VECO has done. Rightly so but the terms are highly favorable due to low interest rates. As long as the SOX is rising all the semiconductor stocks have a good chance to advance further from here. This is happening now with tax loss selling taking place. What will happen next Wednesday when the New Year's trading begins?

I think we will have a serious rally.

finance.yahoo.com

RtS
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