Semi Equipment Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis

SOXX 296.74

+1.8%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

Recommended by:

FJB

To: Return to Sender who wrote (85452)	8/9/2020 12:28:13 PM
From: robert b furman	1 Recommendation Read Replies (1) of 95487

Hi RtS, If you are calling a top and a correction, I won't argue your point. If you go back to the correction of late 1997 and 1998, as the start of the semi .com blow off which extended into early 2000. I don't think we're seeing the euphoric top, with the breadth required to call the end is near. We are seeing the mega caps carrying the load, much like INTC,AMAT,MSFT did in 1999. Those fast growers back then went sideways for 6-8 months as smaller caps rotated and had huge percentage rises. I expect the mega caps (FANG) to go through a similar sideways action, while market breadth increases into the smaller and mid cap stocks. It is getting toppy,but the IPO's are getting busted if they are not making money. That's too much rationalization to be labeling this total market a euphoric unsustainable top. That being said, it is important to sell before the decline gets going. I've known you for years and you are very conservative on your market reads. I view it as a market beacon of good sense. Thanks for your long term contributions! I value them greatly. JMHO Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next