Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Return to Sender who wrote (47582)	4/25/2010 12:57:22 PM
From: Donald Wennerstrom	2 Recommendations Read Replies (1) \| Respond to of 95422

I read where we have a strong vote of confidence from IH this week on the SOX and the Semiconductor sector. That is always nice to have and serves to backup our contention that the values of PE and PEG in these areas leave room for further stock price advances. <<SOX. The semiconductors were somewhat of a laggard on Friday. They were up, but it was not quite 0.4%, and not the strong move you saw in most of the other indices. I am not overly worried about that. There was the gap higher a week and a half ago on the INTC earnings that was filled. It has moved up since then, and there are a lot of great-looking stocks in the SOX (and we own some of them). I feel decent about those and the prospects of this index. It is not overbought, and a lot of the stocks are in excellent position to move higher.>> <<Semiconductors. Semiconductors had a great week. LRCX broke higher on its earnings and continued the move on Friday. Very solid action. NVLS had a solid week, too; a modest gain on Friday, but a very good week. It broke higher already. There were a couple of strong moves, and it had good earnings. It was treated favorably on its earnings as well. The chips are strong, they are not overbought, and they still have plenty of room to run.>>