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Technology Stocks : Semi Equipment Analysis
SOXX 312.76+1.1%4:00 PM EST
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To: Donald Wennerstrom who wrote (81490)10/24/2018 5:02:28 PM
From: Sam1 Recommendation

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Donald Wennerstrom

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And it traded below $35 AH after AMD announced its results. For some reason that I don't understand, Microsoft's earnings which were above consensus and in which they said their cloud revenues were fine didn't make as big an impression as AMD's announcement (although Micron traded up briefly after MSFT announced).

IMHO, Mr. Market has gone crazy and is crashing. On Oct 3, the S&P closed at 2935. Today it closed at 2656. Nasdaq closed at 8023 (hitting its high on Oct 1 at 8103), today it closed at 7108. I'm rounding all of those numbers, but I don't think it matters. The rounded numbers make the point.

Quite a month. October is the cruelest month, not April. For the market, anyway. At the very least, it is in the running, along with September.
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