Robert, I think we have seen the bottom, yet I expect the recent breaking neck rally to pause. If you do not want to miss CYMI here is a pretty good price, but I believe that in the next few weeks it could drift down to the 10.5 to 11 area. If it does not, you miss the boat, I personally am taking the risk of missing the boat and waiting. There is always a possibility that the sector will plunge back into recession, but I think it is not very likely. By the way, IMHO, the chips are probably a better play for the first phase of recovery in the semis, particularly in view of the too dramatic move up of the equipment sector. Very short term, I am personally out of most of these.
Zeev |
