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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: The Ox who wrote (694)3/4/2008 6:11:26 PM
From: The Ox  Read Replies (1) of 8239
 
ASML looking very attractive at the current price. Chart heading straight down:

stockcharts.com

I expect this to turn on a dime, the questions are where and when, imo. With estimates falling, the future eps numbers may be too aggressive. Even at the lower end of 2009 expectations, the stock is trading close to a forward PE of 9 x EPS of $2.60.

When the turn comes, this is one of the more solid companies in the industry. As we know, the semis are totally out of favor, so the down trend should be respected at this time.

This one is near the top of my watch portfolio. I may move out of a number of my micro and small cap plays to invest in ASML.
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