As shown in this post, the 4 semi-equips in the SOX(as well as many of the semi companies) haven't been leading anything this week.
Message 17314135
Therefore, I have to take a little issue with Briefing.com's statement:
<<As they have most of the year, chip and chip equipment stocks led the rebound... Among the more notable gainers were Intel (INTC 29.26 +0.80), National Semi (NSM 32.16 +0.64), Altera (ALTR 22.19 +0.58), Broadcom (BRCM 33.31 +0.52), Micron Tech (MU 30.53 +0.48) and Novellus (NVLS 48.83 +0.75)... Internet stocks, led by TheStreet.com (TSCM 3.18 +0.57), Edgar Online (EDGR 3.25 +0.14), Hotel Reservation Network (ROOM 58.79 +4.18), Expedia (EXPE 68.31 +2.23) and eBay (EBAY 53.82 +0.62), also provided the sector some support.>>
I think what they were trying to say is that later in the day, the semis and semi-equips led the charge, but what they failed to note is the very poor overall performance of the sector in the last 3 days.
Like you, I would like to see some good action for a change at the next session in these sectors.
Don |
