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Technology Stocks : Semi Equipment Analysis
SOXX 303.84+1.3%4:00 PM EST

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To: etchmeister who wrote (22784)4/15/2005 10:12:58 AM
From: auriculatus  Read Replies (2) of 95622
 
Hey etchmeister, sure looks like there is no bottom yet. Low volume declines. No 2x plus sell-out just yet. This is extremely frustrating. We now know what all the upgrades meant earlier in the year. The big boys wanted to exit. Clear and simple. Remember, we talked about it, normally you get only a few upgrades as it moves off of the bottom and the majority at the top. We thought that this had to be the move off of the bottom yet the analyst activity sure looked like the games they play at the top, and look what happened.

This will be a long summer and we might see lower lows than last year. And these firms have yet to expense options that will take a big chunk out of the EPS.

And again, all the calls are worthless, all up and down the board.
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