Kent,
I hope you don't mind too much, but I would like to hold off adding AFLX and SFLX to the "index", at least for the near future. At some point, I will have to "start over" and I would like to wait until that time to add or subtract stocks to those I presently report on.
To make the reporting effort relatively simple, I have to keep the same list of stocks over a period of time. My reason for starting the reporting effort was simply to "look at the big picture" for the semi-equip stocks. I was looking for a way to evaluate the group as a whole. For me, it has been very beneficial to date. One thing it has shown me, is that to a large degree, the stocks go up and down as a group. True, some do better than others, but as a whole you "can't fight the tape". The good and the bad move together, up and down.
Right now, I am trying to establish an entry point for the next up cycle. In other words, where is the next plateau? I think FSII is still vulnerable. It held up relatively well last week, but it still has a high PE compared to many of its peers. I keep thinking it may go down to 10 again before it starts back up. The next few days, or weeks, should be very interesting!
Best Regards,
Don W. |
