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Technology Stocks : Semi Equipment Analysis
SOXX 296.92+0.1%4:00 PM EST
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To: zonder who wrote (7289)11/28/2002 11:58:57 AM
From: The Ox  Read Replies (1) of 95501
 
Now tell me what is so special about NVLS.

1) The stock price trend is strongly up. The stock and the sector it is in are both in a very strong up trend since the Oct 9th lows.

2) The company is strongly suggesting that the fundamentals may be at the bottom of the previous cycle - or, if you prefer, the company is at the start of a new up cycle. If this is the case (and the stock price suggests it is), then the market may(has) start(ed) looking at future peak earnings potential vs. the currently poor fundies.

3) The company has a strong customer base and a solid balance sheet. It continues to be profitable during the worst SCE slump ever seen.

and, while not specific to NVLS:

4) Seasonally, Nov+Dec is one of the strongest times of the year for the US equities market (according to many studies). This hold true especially when the market was weak leading into this period.

-

But hey, this is what makes a market. One person sells, thinking the stock is overvalued, and another buys, thinking that the price is cheap and will rise in the future.

Your confidence that you have made the proper call to short NVLS is admirable. Now it's time for us to let the market decide whether or not this was a good time to short.

Would you care to share what your TA department says about the stock? Where would they cover?

tia,
Michael
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