Wednesday, September 27, 2006
Quick Alert: Semi's Weakening
Don't get me wrong. The semi's are still up nearly 1% and many are steam rolling the bears to the pavement, such as: MRVL, ATHR and NETL. My point is to keep a close eye for a reversal.
Bottom line: Beware of the dip buyers, they are assholes. But, someday soon, the market will go down. I promise.
UPDATE: The semi's have reversed to the downside. It's also worth noting considerable weakness in AMKR, -10%.
Even though AMKR looks insignificant, they are a big part of the semiconductor manufacturing base. They are the second biggest test/packaging company in the space, after ASTSF. When shit is bad at AMKR, it usually means the foundries are weak. When the foundries are weak, that usually means the end user (consumer) is not buying stuff.
Keep a close eye on AMKR and ASTSF.
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