Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 295.15

-2.3%

4:00 PM EST

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To: Jacob Snyder who wrote (48238)	6/18/2010 11:05:19 PM
From: Jacob Snyder	1 Recommendation Read Replies (2) of 95391

S&P500, SOX now safely back above their 200dma. VIX falling. Oil price (good proxy for global economic activity) bounced hard, looks like it wants to stay in a 70-85$ range, which is high enough to encourage alternatives and unconventional energy sources, but not high enough to cause a global recession. Just perfect. Consumer Disc./Staples never threatened to go below its 200dma (when it does, the next recession is immanent). Bought some BP today at $32, on margin. Don't plan on selling anything till SPX 1250 and SOX 450.

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