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 298.01

-0.5%

Dec 15 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 (6849)	11/10/2002 8:02:25 PM
From: Donald Wennerstrom	Read Replies (3) of 95580

I like the last sentence of Walberg's report. <<Without a buying catalyst and with the indices overextended technically, the immediate bias should be to the downside. Now's when we find out exactly how resilient the bulls really are.>> The SOX was down 4 percent last week, but within the index it was interesting to see the spread from positive to negative. Three of the semi-equips, AMAT, KLAC and NVLS were 0, -1 and -3 percent respectively. These stocks were particularly strong, compared to the others, on Thursday and Friday. Without that strength, the SOX could have been down several more points for the week. The semi-equips are getting good support from the "market", but certainly not the brokerage houses and analysts. For the most part they see nothing but more "doom and gloom" ahead. My guess is that we are going to see more downward pressure on the SOX and particularly the semi-equips in the near term. Monday will probably be light trading because of Veterans Day. AMAT announces their 4th quarter and year results after close on Wednesday. It will be interesting to see if investors treat the semi-equips as kindly this coming week as they did last week. Don

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next