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: Sam who wrote (48231)	6/13/2010 11:53:42 PM
From: Sam	3 Recommendations Read Replies (1) \| Respond to of 95652

Just checked II, found this monthly article: investorsintelligence.com May be useful to check out. Excerpt: Last month we analyzed the buying climaxes. Well, given the sharpness and magnitude of the market correction since then, the survey is now at the other end of the spectrum and we are now counting a high level of selling climaxes. A Weekly Selling Climax occurs when a share makes a new 52-week low but then closes higher for the week. For the final week of May we counted the highest level of selling climaxes since the March 2009 bottom. That reading suggests capitulation following four weeks of falls and implies that the recent lows should mark the crescendo of the market rout that started a month ago.

To: Sam who wrote (48231)	7/8/2010 9:42:46 PM
From: Sam	Read Replies (2) \| Respond to of 95652

Just checked the AAII survey-- see aaii.com For 6/30-7/7 Bulls: 20.9 Bears: 22.9 Neutral: 57.1 Change from last week: Bullish: -3.7 Neutral: -11.3 Bearish: +15.1 Long-Term Average: Bullish: 39% Neutral: 31% Bearish: 30% I don't think I've ever seen numbers so skewed toward bearishness (I wasn't checking these numbers in October 2008 or March 2009). FWIW, I still think it is plausible--maybe even probable--that the SOX will climb over 400 in the next month or so (see the post that this post is replying to) in reaction to earnings and outlook. Sentiment is incredibly negative, and I think that the fundamentals in the chip sector are still strong. Time will tell.