SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Math Junkie who wrote (2903)1/20/1999 4:35:00 PM
From: Justa Werkenstiff  Read Replies (1) of 15132
 
Richard: A rational move and I agree with you on the outlook for those stocks. But in a valuation correction of the market, everything goes down and some things go down more than others. These semi equipment stocks will get hammered regardless of the fundamentals and their beta will take them down more than they deserve. I remember in the fall, INTC preannounced greater than expected earnings and it still got hammered although the trend was there for all to see if one had their eyes open.

IMO, the large cap semi equips have become the internuts for the institutions since the beginning of the year because of their larger floats. High RSI means Big Mo is there on a price appreciation basis only. No mo' price appreciation and goodbye for Big Mo.

I don't recall a correction of the overall market in the 1997 run-up and so I do not know how these puppies would react in such an environment. I do know that these stocks made their last lows in the past two cycles when the overall market bottomed in a correction. Beta power!!! I also believe that because of the liquidity surge, there has been an accelerated run-up in prices for this group which has, since the end of the year, fed off itself.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News