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

To: Elroy who wrote (88668)	7/18/2022 10:35:59 PM
From: Return to Sender	2 Recommendations Recommended By robert b furman Sr K Read Replies (3) \| Respond to of 95567

You are looking at this wrong in my humble opinion Elroy. We are not in in a semiconductor downturn. We are in a Fed induced high inflation market downturn. Eventually even energy stocks will fall. Raising rates 3 1/2 points in a calendar year will do that. Question is will the expected 3 1/2 point rise in interest rates this year slow inflation enough to get the Fed's foot off the market. If not how much higher do rates need to go? Once we can see an end to rising rates and the possibility of the Fed helping the market things will improve. When enough people believe that will happen we will get our 90% upside day. RtS

To: Elroy who wrote (88668)	7/19/2022 7:45:11 AM
From: Sun Tzu	1 Recommendation Recommended By Return to Sender Read Replies (2) \| Respond to of 95567

If you have to choose between the sales projections and technicals, go with the TA. I recall in the Q1 reports there were still LOTS of semiconductor companies complaining that they cannot get enough chips made to meet demand, backlogs were growing, things might loosen up a bit in H2 2022, but more likely it looks like things will normalize in 2023. Now in Q2 it's recession, recession, recession and slowdown and MU lowers forward revenue guidance and scales back cap ex expansion plans.