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Technology Stocks : Semi Equipment Analysis
SOXX 291.39+2.8%Nov 26 4:00 PM EST
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To: Return to Sender who wrote (2751)4/14/2002 2:23:54 PM
From: JSLyons  Read Replies (1) of 95479
 
Hello RtS,

I'll be the first to admit a lack of experience with TA, but the P&F charts for NVLS and TXN are weak, with both having broken under local support. INTC is a bit better but not that much. If it hits a low of 27, just 7 cents under its recent level, it could break down.

That's not to say they won't reverse upward on next week's news, but these weak patterns suggest negative sentiment for now.

I don't hold any of these -- the high PE of a mature company like INTC is not attractive in my eyes, even at this point in the cycle -- but I do hold lotsa semi-equips that will likely move in sympathy with these results.

Let's hope for the best,

Jonathan
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