Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 312.76

+1.1%

4:00 PM EST

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To: Donald Wennerstrom who wrote (43282)	2/8/2009 3:23:39 PM
From: Return to Sender	Read Replies (3) of 95533

I think you and Bob are both right or at least could be. What concerns me is this rally has been perhaps a buy the rumor and sell the news situation. It remains to be seen what reaction we will get to the latest bailout from the government. Obviously the SOX/SMH has been outperforming. It's also great to see the financial stocks catch fire. Even if Friday's huge day was added to by short covering it actually resulted in a 90% upside day for the NYSE. But the situation is far from clear when one is looking at this as a lasting rally. There were false starts before the actual bottom in October 2002. This may or may not be one now. Even if it is the real deal there was a retest in March of 2003. Final analysis for me is to enjoy watching some of my losses get recouped while I wait for more clarity. RtS

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