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Technology Stocks : Semi Equipment Analysis
SOXX 302.00+2.6%Nov 10 4:00 PM EST

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To: Jacob Snyder who wrote (48305)7/21/2010 2:30:34 PM
From: Jacob Snyder1 Recommendation  Read Replies (5) of 95391
 
Sold all my ASML at 31 today. I doubt I will be buying it back, this cycle.

The just-announced results were excellent. Record everything. Raised guidance. On the CC, I could hear them humming in the background youtube.com

But the chart is singing a different song:
looks suspiciously like early 2008
36$ = double top, 2010 and 2007 highs
fell below the 200dma 2 1/2 months ago
failed in June, and again in July, to get back above the 200dma
50dma below 200dma

So...either the market knows something I don't, or all possible good news is already in the stock. So I'm out.

Bought RIG (offshore oil driller) with the cash from ASML. This is part of a trend in my portfolio, out of semis and semi-equips, and into energy (oil, drillers, wind, solar).

ASML:


RIG:
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