Good evening fellow FSI shareholders. Boy, what a couple of months we have had. Unfortunately, I did not sell all of my shares in FSI a couple of months ago.
I still believe in FSI and I believe that there is a tremendous buying opportunity out there for some tech stocks. I remember looking at stocks like KLAC, AMAT, LRCX, FSII, etc.. that were just beaten up about 14 months ago. They have done that a couple of times in the last few years. Last time was legitimate because of the slowdown. But, execpt for S. Korea, I am not hearing about much of a slowdown. AMAT did get its EPS lowered from $2.12 to $2.00. Big deal, than it is is a $45-$55 dollar stock! You know it is time to buy because the stocks have all dropped in value by close to 50% and the analysts are now getting around to downgrading! It is time to buy. They could go down more a little more, but, the fundamentals are much stronger than the last time they went down.
Now that I believe it is time to buy, the one mistake I made last time that I will not make this time is this: Last time, I dollar cost averaged my FSI shares down. In the mean time, alot of the "bigger" players went much higher, much faster. I will not make this mistake again.
As much as I love FSI, I am buying AMAT, KLAC, NVLS among others of the big ones. Besides the fact that at according to the numbers I have seen, FSI is trading at a much higher multiple that AMAT and KLAC.
Good luck with FSI, I will continue to hold my shares. But, I believe other tech stocks are beaten up more and will probably rebound higher, quicker. |
