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Message 31781854
it shows YTD collapsed chart patterns since the 1st of the year to Friday's close for MU(Base), AMAT, LRCX, MKSI, and WDC. For the 5 stocks, all except MU were peaking in the Mar time frame and since then have been on a downward slope. Since the data exists in my files for all except WDC, the information from then and now was put in the table for each stock for comparison between the 2 dates.
In general, earnings estimates were increased, but prices have decreased. This has resulted in substantial reductions in PE values. The last column shows the price losses from Mar to Sep. This chart action has happened while the analysts have been bullish on the stocks and raising the estimates over the period, but the "market" decided in Mar to start backing away from the "memory stocks". Therefore, the present situation of falling prices looking for a "bottom" is ongoing until the memory stocks find a market that believes these stocks have a future.
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