Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 330.35

+0.5%

Jan 12 4:00 PM EST

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To: Gottfried who wrote (13333)	2/14/2004 10:39:53 AM
From: Return to Sender	Read Replies (1) of 95708

OT: G, the scan is a good one. But what stock, or stocks, on the list do we choose to invest in and at what price? There is no guarantee that a stock that has recently fallen 15, 20% or more will rise even after three days. A good case could be made for the NASDAQ being overbought as of Thursday's close which could lead to further consolidation. tal.marketgauge.com I picked ADIC as a good example of a stock that could rebound from an upcoming low based on my having at least a little familiarity with the stock. But if the NASDAQ and the SOX do see a little more profit taking then we could see excellent buying opportunities even in stocks that have beat earnings estimates and raised guidance. However I still like the scan idea. It just needs refinement. We should continue to discuss the stocks that show up on good scans like this for potential buy points if we have good reason to expect either a rebound or further breakdown. I added RMBS as a potential buy at 23.60 but if the stock falls through this area of support there is no real substantial volume of trades below that support until you get 4.5 points lower: stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G RtS

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