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Well, first of all, the loss of .75 includes massive restructuring charges. Loss was supposedly .08 without the charges. Second, there has already been massive selling in SEG, QNTM and WDC--no one left to sell, lots of bottom fishers with a 6 month to 2 year horizon, apparently. When there is some actual evidence that supply and demand have come back into some balance, and ASPs stop falling as dramatically as they have, these stocks will ROAR. For now, though, I would expect a few days like this one, but nothing really sustainable, until that evidence comes in. |
