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Technology Stocks : Semi Equipment Analysis
SOXX 296.74+1.8%Nov 28 4:00 PM EST
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To: Return to Sender who wrote (71617)2/16/2016 6:20:15 PM
From: Donald Wennerstrom1 Recommendation   of 95487
 
I think your comment about the SOX index is "right on".
The SOX index today has changed so many component members over the years in what I assume is an effort to make it more likely to rise.
Now I don't know what criteria the people managing the SOX index at the Philadelphia Exchange use in selecting stocks(they have never asked me for my opinion, lol), but they do try to winnow out the "losers" at periodic intervals and replace those stocks with "winners". As you have noted, it doesn't seem to have made a lot of difference.
And yet the SOX has never risen anywhere near its year 2000 peak.
The 2000 era was something to behold and most people I think called it the "dot.com" bubble and the semis for awhile were the big benefactors of that bubble. PE's, PEG's and prices were at awesome levels for most semi stocks, not just the SOX index.

I agree with you, today was a very good day for the market and semis. The SOX finished up 20.03(+3.5%). MU was up 0.79(+7.9%). PLAB was the only SOXM stock down today, -0.02(-0.2%). However, I agree with your comment, but for added reasons which Briefing.com posted at the start of the day.
We also have two back to back 80% upside days but volume is too weak for a lasting rally in my opinion.
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