Friday, September 08, 2006
Sector Spotlight: Semiconductors
The markets jumped off to a good start, as the dip buyers stepped up to the plate-- bidding up tech stocks. I am seeing strength in the internet stocks, such as: DSCM +6%, JUPM +4%, OSTK +2%, AMZN +1.6% and YHOO +1.3%.
However, as most of you know, I am focusing on the SOX-- in an effort to predict the direction of the overall market.
After early gains in the SOX, it is now succumbing to selling pressure, down 0.3%. I doubt we will see any significant moves today and I feel the market may trade up early next week-- as the 5 year anniversary of 9/11 approaches.
Even though I am somewhat bearish on the markets now, I am always looking for reasons to be wrong. Meaning: I am smart enough to know my opinions are flawed (like everyone else) and it is important to consider all scenario's (best and worst case), when investing.
My biggest losses have always come after I made emotional stands on stocks-- too stubborn to see the signs written all over the wall.
Bottom line: Don't think you are a "guru," no matter how successful you are at investing. We are all just men, susceptible of making grand error's that can ruin our net worth's, reputation and everything else that goes with being a dumbass.
The following semiconductor stocks are showing some mojo:
SIMO +3.6%
MU +2.8%
SIMG +2.1%
SNDK +1.7%
BTUI +1.7%
AMD +1.3%
CHRT +1.3%
SPSN +1%
However, as most of you know, I am focusing on the SOX-- in an effort to predict the direction of the overall market.
After early gains in the SOX, it is now succumbing to selling pressure, down 0.3%. I doubt we will see any significant moves today and I feel the market may trade up early next week-- as the 5 year anniversary of 9/11 approaches.
Even though I am somewhat bearish on the markets now, I am always looking for reasons to be wrong. Meaning: I am smart enough to know my opinions are flawed (like everyone else) and it is important to consider all scenario's (best and worst case), when investing.
My biggest losses have always come after I made emotional stands on stocks-- too stubborn to see the signs written all over the wall.
Bottom line: Don't think you are a "guru," no matter how successful you are at investing. We are all just men, susceptible of making grand error's that can ruin our net worth's, reputation and everything else that goes with being a dumbass.
The following semiconductor stocks are showing some mojo:
SIMO +3.6%
MU +2.8%
SIMG +2.1%
SNDK +1.7%
BTUI +1.7%
AMD +1.3%
CHRT +1.3%
SPSN +1%
