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Technology Stocks : Semi Equipment Analysis

SOXX 299.81

+2.7%

Dec 19 4:00 PM EST

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To: Donald Wennerstrom who wrote (52523)	6/23/2011 12:50:57 PM
From: robert b furman	1 Recommendation Read Replies (2) of 95616

Todays wash out inthe market is being blamed on a collapse in crude. With the Doww down as mych as 200 plus the SOX and SMH which were down 1.00 percent are now trimming their losses. As we complete this final wave of a 6 month corrective wave,it will be important to watch for early leaders. As crude collapses it will take drillers and E&P companies with it - most likely into a sideways tease with past old highs. I'm hopeful we'll see some flows go into the semi's. Semi's have been thrown a curve with supply interruptions and it seems to have been an incredibly smooth recovery. IC sales are getting boosted to 7% of a really huge number as Apple continues to lead the growth of new mobile devices and the rest of the electronics world is hurredly trying to catch up. Nvls,Klac is green in an otherwise sea of red and Klic,Lrcx,and Intc are just pennires away from green. As I type this SMH has turned positive. This is very strong action and is worthy of a close eye. These great moeny making companies have been out of favor for over 10 years,as they have strengthened their balance sheets and gained speciific leadership through successful R&D. Maergers and Acquisitions are happening with top tier players Amat and Vsea just as they did before the multiyear run up in 1998 with Klac and Tencor. The tea leaves appear to be aligned for conservative investors to warm up to this now dividend paying sector. Let's hope and look for early high relative strength as we close out Primary Wave 2 and Begin a climb in Promary Wave 3 up. Bob

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