Every semi-equip maker for itself??
Zeev, that's funny - you get more bullish, and I am worried. Big and unexpected divergence between SOX (went up 10+ points), and equipment makers. AMAT, TER should be up 2.5, instead off .5. I am pretty sure Mason's index is down or unchanged. The divergence was pretty obvious early in the day, so I'd sold AMAT and TER in the morning, bought back before close, but quite unsure that was a right thing to do.
On the positive side, CYMI is up. Its movements are becoming fairly unpredictable.
My interpretation: today funds were shifting money from semi-equips, but selectively bought compelling bargains like CYMI and LRCX (downgraded by Adams & Co to "underperform"). These guys are real jerks and probably could be used as contrarian indicators.
Regards,
Y. |
