Thursday, September 21, 2006
Sector Spotlight: Semiconductors
With my money: I will gingerly short more RACK, while buying stocks like ADBE and CSWC (great venture capital play).
Today's gains are being led by Energy, Internet and Networker stocks.
On the downside, the Metals and Semi's stand out.
For now, I will focus on the semi's, since I feel they set the tone for the overall market.
Right now, the semi's are getting blasted, across the board. Stocks like SLAB, VECO, NETL, ATHR and AMKR are being taken down quickly. Because of this, I will hold off from covering my shorts, until I see signs of recovery.
The following semiconductor stocks have absolutely no mojo: