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

To: Donald Wennerstrom who wrote (50059)	11/13/2010 7:07:21 PM
From: Donald Wennerstrom	2 Recommendations Respond to of 95616

Starting this next week there are 7 weeks of trading left in 2010. It just so happens that this calendar year ends on Friday, 31 December. While the final result for the SOX action has another 7 weeks to go to the end of the year, a summary of what has happened so far can be reviewed. So far the SOX has seen choppy action with upward and sideways trends interspersed with some rather violent downturns. The 2009 year ended with the SOX at 359.91. This past Friday it closed at 382.61. The difference is a gain of 6.3 percent. There have been 4 strong correction periods of either 2 or 3 weeks in duration where the SOX lost over 10 percent negating some fairly good gains. Note that in January, the SOX lost 14 percent in a three week period. Feb, Mar and most of Apr were up only to have a 2 week loss of 13.4 percent. The rest of the summer was spent in "sideways" movement with 2 more loss period of 10.7 and 11.5 percent. This action brought the SOX level in Aug/Sep down to the same level as that of Feb. The last couple of months has seen an 8 week rebound to the 390 level where it may, or may not, be "stalling out". The SOX high for the year at 400 was set in Apr. The rolling 13 week quarter looked very good this week because the last big red candle rolled off the end of the 13 week table. It remains to be seen if another violent 2 or 3 week "selloff" will happen to negate the last 2 months of uptrend. The 2 tables below the chart have been shown to give some perspective on PEs, PEGs, and earnings estimates. Note that Curr Yr estimates have continued to rise, but Nxt estimates have fallen over $3.00 a share since the week of 8/20. Not a good environment for further stock price appreciation. However, as we all know, there are many, many factors affecting stock prices as each day goes by and circumstances change.