Tuesday, October 17, 2006
Sector Spotlight: Semiconductors
Downgrades of LRCX, INTC, YHOO and XLNX. But, Cowen decides to fuck Broker A, by UPGRADING ATHR, my only short. Fuck you Cowen, this turkey is going down today.
Additionally, LVLT bought BWNG. Now, I suspect stocks like GLBC, BKHM, FNSR, SCMR, AVCI and EQIX will be in play-- due to takeover speculation. Again, providing the market cooperates, I feel the Networkers are the place to be.
Also CME bought BOT. Perhaps, ICE or ISE will get a bid next.
As for the Semi's:
So far, they are being poleaxed, down 2.3% for the day. With the market selling off, coupled with Goldman's downgrade of INTC, ahead of their earnings tonight, investors are cashing in their chips-- literally.
Regarding INTC, I believe they will hit their numbers, but will lower guidance. Therefore, I feel the SOX will have its head chopped off, in fairly short order.
NOTE: So far, the "Fly Survey" has been a contrary indicator, regarding the price of oil and the direction of the market. This week's survey suggests you, the sheeple, are bullish. Makes you think. Hmm.
The following Semiconductor stocks have absolutely no mojo:
Great company, but too much bad press.
We are down today because of the PPI.
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