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Technology Stocks : Semi Equipment Analysis
SOXX 330.35+0.5%Jan 12 4:00 PM EST

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To: Donald Wennerstrom who wrote (56809)7/7/2012 12:16:33 PM
From: Donald Wennerstrom2 Recommendations  Read Replies (2) of 95708
 
This is the weekly update of the Group and SOXM(SOX) tables in terms of earnings estimates and price changes.

A lot of red in the earnings estimates for the SOXM stocks since the week of 3/9. The last 6 weeks have all been down to establish another minimum for both the Curr Yr and Nxt Yr estimates.

The SOX was down 9.42 this week which removed nearly all of the gains of the previous 2 weeks. The big move for the SOX occurred the week of 6/8 when it bounced 19.56 from the previous week's loss of 18.94. Going back to the week of 5/25 when the SOX closed at 372.11, the net gain to Friday's close of 376.04 is 3.93 points for the 6 week period. In terms of watching up and down action for the SOX, it is something like watching paint dry. We can even go back to the SOX value the week of 1/6 when it was 375.22. Friday's close was higher by 0.82 points. Woo Hoo!! We are really flying this year so far! How about the week of 12/9/11 when the SOX closed at 375.67. Friday's close was 0.37 higher. No question, we are moving at the speed of light into the wild blue yonder of higher SOX values. It will be very interesting to see the SOX value at the end of this year. We might even end the year with a gain of 1.0 for the SOX.<NG>







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