Does this "working through inventory correction" stuff sound familiar? It should for those of you familiar with the SEMI-Equipment stocks. Last summer their customers were also working through a correction, waiting for demand to pick back up. It took a couple of months, but all SEMI stocks are WAY, WAY up from this period. Now, the matter of when to buy. You may think that you'll hold off for a month or two until the timing is right to get back in. Well, one thing's for sure in this sector, it can reverse in a matter of days! Are you willing to leave double digit returns on the table when you KNOW THESE STOCKS WILL RECOVER!!! If you are, fine. If you have patience, you WILL BE REWARDED! Everything is internet, intranet, extranet, etc., etc., and it all requires bandwidth and switching, and on and on.
As for the two sellers, that iratates me. There never seems to be a reason why an insider sells at such low prices already. But, without knowing all of the facts that made this dumbo sell, you can't make a educated judgement! Maybe he got a margin call? Maybe he had to settle up with cash what he previuosly had on lien with stock. Who knows? Obvioulsy it doesn't sound good. But, there is always a silver lining. Always.
Also, these brokerages revised their estimates .02 and the stock tumbles, yet they maitain their STRONG BUY rating. They are in the business of making good investment decisions. I'll rely for now.... |
