Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 285.23

-3.7%

4:00 PM EST

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To: Sun Tzu who wrote (89412)	12/19/2022 5:41:59 PM
From: Return to Sender	Read Replies (1) of 95596

Why question MU's fundamentals when your bias has already ruled it out on a technical basis? In fact you have ruled all the stocks in the group out by your bias. It's as good as any group to trade. The old maxim "Buy when there is blood in the streets!" still means something to me. That said the DJIA fell again today and the VIX barely moved. And the VIX went down. What the heck? This bear market is not over. But still there are going to be wonderful trading opportunities. Eventually the market will bottom and even bad buys made during this bear market will end up yielding profits for investors in this sector. These companies remain largely profitable with pristine balance sheets. When we eventually get a spike in the volatility indexes followed by a 90% upside day in which the Nasdaq fully participates everyone needs to be buying all the shares they can get. JMHO, RtS

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