Tom and Trey: Let me be the first to remind both of you that cashflow and margins have nothing, absolutely NOTHING to do with stock analysis. (g) Much easier to use the shrink-wrapped software chart analysis packages.....no need to do all that boring reading and visiting companies and, and, and, etc. Today, the whole world is a chartist (and I love that!).
Have personally been going bananas trying to figure out why this market has no interest in fundamentals, but at this point, I simply don't care anymore because the fundamentals for the semi/PC arena are deteriorating so dramatically now. With price cuts now being announced every week, and no end in sight, the pressures on margins can no longer be covered up through accounting cosmetics, as has been the case for many players to this point in time. As was the case for the "nifty fifty", they will fall farther and harder than the overall market, even as the market itself falls.
Caveat: Yes we're bears, and for all the right reasons, but I still think the "buy-the-dippers" have to be wounded before the market can really tank. That said, "it's only a matter of time". (BIG g)
I'm getting to hate the sound of the word "PATIENCE"
Best, Earlie |
