*AV*-I have a tendency to agree with you about the consolidation but it appears we seem to be in the majority for this. Like a self fulfilling prophecy, we had our May crrection (pullback), to be followed by a June Recovery, only to be followed by the July Doldrums and letdown.
Personally, I so not think we will have a July Letdown in the semi sector.
Your observation on ASYT and CYMI are quite accurate. I think the street is absolutely deaf, dumb, and blind concerning ASYT and really does not understand CYMI at all. At current prices, we should probably be patient and wait for performance.
As far as RMBS is concerned, I am worried over fallout over rumors of another delay in impolementation. This latest rumor has taken too long to disseminate into the chat rooms, news articles, media, etc.
BTW- I think the flurry of activity these past few days had more to do with "emotion" and month end shuffling than anything else. Report cards for the Money mongers<GG> and their funds, along with positioning for a 3 day weekend.
Have a good weekend yourself.
Andrew |
