Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Return to Sender who wrote (4353)	7/28/2002 1:21:21 PM
From: The Ox	Read Replies (1) of 95530

My guess is that we could see lows never thought possible even a few months ago. We are not seeing flight to quality, we simply seeing flight everywhere. The discounting of the future of this sector continues unabated and there are still plenty of people who point out the very high forward PEs in the sector. This is a lethal combination. We have seen the guidance in the sector become more moderate for most companies and down right awful for others. The drivers of demand, wireless, PCs, networking, and information technology upgrades have been slow to recover and we are on the same treadmill we've been on for 8 or so quarters where we continue to get the exact same comments: the recovery will start in the 2nd half of the next fiscal year. Instead of guessing where bottoms may occur, I think it's wisest in the current market environment to let the trends dictate one's actions. Stops should be a critical part of the trading strategy here, whether shorting with the trend or trying to predict the bounce/bottoming of a given stock.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next