Big Bucks, Teri, Gottfried, Tito, Jacob, Kumar and threaders, reading the posts on this site and then reflecting on what the posted Tom Dorsey 10week, bpoptions, and semi charts are showing I wonder if our negative sentiments are on target or whether these sentiments are a contrarian indicator. The market will decide. IMO, I believe the next couple of months will be good for the market and that the semi's will rally from looking at the DW data.
The Semi's and AMAT reversed down, falling off the cliff, during the last high cycle while AMAT was doing great. Is the reverse the truth for us today? No one has posted that the number of mutual funds owning AMAT in yesterdays IBD increased from 367 to 368. However, I am ready to buy more AMAT if it does drops futher. Otherwise, I am more than fully invested including margin. Looking back I wish I had bought more than 340 shares at $26.875 three weeks ago. Ain't hindsight great. Any reactions?
Just my opinions.
Paul V. |
