Hi John, Glad to see an optimistic post! However,
I'm still concerned with the broader picture. I don't think xico can climb any walls when the pall hanging over the broader market remains. I am concerned that we are approaching an October season again with correction in the wind, and the semis & semi-equip subsectors on their collective ears. Recession is seen in between the lines, there are layoffs and rumors of layoffs starting to pop up. Heard something about amat laying off 1700 also lrcx, and credence (don't know the symbol).
That being said, xico is still doing rather well albeit quite the roller-coaster ride. This Sunday's Murc reveals that its one-year-%-return of 60.8% is second only to supx (83.3%)! Can you believe it! Lil ol' xico a great place to park your money!
As for the rest, cube slipped to 60.6%, sdli at 25.6% just in front of the beomoth intc with 25.1%, cats and actl are the only other positive returnees with 23.8% and a miserly 0.7% respectively. All the rest of this great growth subsector show negative numbers. Consider mot at -28, txn at -40, nsm at -45, lltc at -19, altr at -22, xlnx at -9 and atml at -16 just to name a few of the more notable basket cases. Overall a pretty pathetic showing for investments rendered and monies returned... These companies are all walking on eggs, I understand that altr is now planning a two week shutdown at xmas/new years, that's not indicative of a quick turn to improving business climate. Keep the hatches battened.
In retrospect, 7-8 was a great place to re-enter this vehicle, hope this recent turn holds, course I wouldn't mind another buying opportunity or two.
Regards, Mike |
