Shane,
I've decided to pick the lowest price I want to pay for any semi this year and try not buy it unless it gets there.
Some stocks like NSM seem to be there now, and since bad news goes with bottoms
only scaredy cats are selling now imho. I suppose they must think that there will be no technology in our future, no internet connection in our cars, no back-to-school PC's for under $599, no chips, no salsa, no DVDittos,........or maybe they think these stocks will just sit there at their lows indefinitely. Sure, anything is possible.
In either case, it looks to me like some of the semis have come pretty close to what might be considered their yearly lows for this year already. That's not to say that they won't revisit, but even if they do, will they go much lower and break an 8 year trend? No, I don't think so. I doubt it. One could begin accumulating here. One might consider loading up here. We are in agreement. We may sink like rats on the Titanic, but we agree on the ship and its most probable course.
And, I think we are also in agreement about the semi-equips. It's a mixed bag. Some of these may not have reached their yearly lows and have further to fall while others seem to have hit their lows and are recovering a little.
So, if this is right then what are the possible lows for 1998? Will we see these numbers again by next week? by summer? or, slightly lower numbers still?
ALTR 40+- AMD 20+- ADI 30+- IDTI 13+- IMG 10+- NSM 20+- AMAT 24+- ASMLF 50+- JBIL 39+- KLIC 23+- LSI 22+- LRCX 27+- LSCC 47+- MU 30+- ZITL 14+- XLNX 40+- TQNT 22+-
Have a nice weekend.
E |
