wow, not a good day but who cares about russia. market always overreact and i think for lot of companies it was a good day to average down or continue to buy. i bought klac, ter, nvls, egls, tsemf, and a little amat which i unfortunately bought some at 30 the other day for a trade and did not sell it. i think ter, klac,nvls, are better buys than amat and as i said before it seems like amat management might have not calculated this downturn correctly and are getting hit worst on fundamentals then say ter, klac, nvls thats why ithink its better value. my simple point is those companies wil have l stronger eps than amat in the one to four quarters and amat is overowned by everybody where only semi buyers own ter, klac, nvls, my point is say joe farmer and iowa knows and might own amat where he might never have heard or ter or klac. it was ugly out their today but people should start looking at small caps which are down 25% from their april highs. for the first time in my life some small caps are trading almost half their private market values. also, if the fed starts easing small caps usually do better and remember from 1990-1993 small caps beat big by almost 2-1 in performance. everybody like the big gorila's but some of these small caps could double or triple if they jusy go back to market value. also, everybody hates small caps which is a good sign. so i would look at some small caps because at these prices they are safer and could lot more upside. in semi i like and own tsemf, qual, egls,idti,cy, all trading under their book value's. should look at nvls as this is by far the strongest semi in regards to eps and because of niche markets semi's it always holds very well with eps in downcycles.
VERY IMPORTANT, ONLY PEOPLE REALLY GETTING HURT IS MARGIN SELLING-SO GET OFF MARGIN BECAUSE IT NOT A LOSS TO YOU SELL. |
