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Technology Stocks : Semi Equipment Analysis
SOXX 283.56-1.7%4:00 PM EST
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To: Sun Tzu who wrote (89522)1/5/2023 10:58:12 PM
From: Elroy  Read Replies (1) of 95422
 
But is anyone here buying the chips? If so, I'd like to hear their reasoning.

That's easy. The chip stocks peaked about a year ago, and stock prices have been falling since then. The bottom is probably closer than a year. And when the chip stocks bounce, you get a huge percentage of the upward move in the first month or two, so ...... you can buy chips now just on the hopes that semis bottom within the next 9 months.

Lots of semi companies are saying Q1 2023 will be the fundamental bottom. They could bounce any day now!
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