[Guessing] Looked at the SOXX chart for Nov-January trying to find some trading patterns. Seems to me, monthly lows occur early in the month (somewhere around the second week, typically tied to warnings early in the month) . In the last few days we had seen warnings from a bunch of equipment makers, as well as SNDK, layoffs at ATML, etc. Today saw an article about temporary shutdowns for INTC plants 5 and 15, etc.
So the pattern may be repeating itself - a low for the sector early in the month, then a technical rebound. Because of this, a runup in TDFX before earnings seems unlikely, but, if we get lucky, good earnings report will coincide with the beginning of a technical rebound for the sector .
On the other hand, TDFX correlation with SOXX is relatively weak when compared with many other companies. It may be more reasonable to look at the patterns for cardmakers like DIMD and CREAF which are probaly influenced by the fortunes of boxmakers.... |
