Ork:
Amat is the strongest of the three in my opinion, but they are all in the same doghouse,..... the clients have no dough and no reason to buy new equipment.
I have no idea as to why they were so divergent today.
The main holders (funds) of these three stocks have every reason in the world to hope (even encourage the view) that this sector is through the tough sledding, but that is so silly that my pet hamster can see through it (the sales cycles are long, sales derive primarily from semi producers' cap ex budgets and those budgets are being cremated). PEs are in La-La-Land, and are(finally)coming under well deserved pressure. All three have been "hide-out stocks" but that role seems to be slowly evaporating.
On a fundamental basis, these three are IMHO, good long term short situations and from a trading perspective, some distribution appears to be underway.
I loved this territory when the semi products were in demand, but the opposite situation is in force today.
Good shorts from my perspective.
Incidentally, KLAC has become a real mo-mo scene. It moves with lightning speed both up and down (ironic, given the multi-year sales cycles), so one needs to be nimble and short the rallies and harvest the nasty days,...... with real discipline.
Best, Earlie |
