Tuesday, November 14, 2006
Sector Spotlight: Semiconductors
Wow, those were great numbers. The biggest drop in core inflation in 13 years. Good job Bernanke.
After seeing those numbers, I thought for sure the market would be up 100+. Instead, we are up only 2 and weakening. Huh?
I suppose the buy on rumor-sell on news logic applies. Nonetheless, the U.S. economy seems to have ridden itself of the inflation bug. A big plus for the bulls.
As for the Semi's:
They came out the gates charging, but now look tired. After being up so much yesterday, I anticipate a mild selloff. One pocket of strength worth noting is recent laggard SNDK. However, the general picture in the group looks bearish today.
The following Semi's have mojo:
ATE +3.6%
MOSY +3.2%
UCTT +2.3%
SPIL +2.3%
SIRF +1.9%
After seeing those numbers, I thought for sure the market would be up 100+. Instead, we are up only 2 and weakening. Huh?
I suppose the buy on rumor-sell on news logic applies. Nonetheless, the U.S. economy seems to have ridden itself of the inflation bug. A big plus for the bulls.
As for the Semi's:
They came out the gates charging, but now look tired. After being up so much yesterday, I anticipate a mild selloff. One pocket of strength worth noting is recent laggard SNDK. However, the general picture in the group looks bearish today.
The following Semi's have mojo:
ATE +3.6%
MOSY +3.2%
UCTT +2.3%
SPIL +2.3%
SIRF +1.9%
Comments:
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Maybe the market already "priced in" the good inflation numbers. We now have "profit taking."
Or, another possibility: nobody BELIEVES the government numbers. Market trades down on uncertainty.
Or, another possibility: nobody BELIEVES the government numbers. Market trades down on uncertainty.
# posted by 
: 11:03 AM
: 11:03 AM
Hey, why would anyone "doubt" Government data?
However, I do agree. It looks like "profit taking" is here, for about 2 hours.
Then the "dip buyers" will buy it all back.
However, I do agree. It looks like "profit taking" is here, for about 2 hours.
Then the "dip buyers" will buy it all back.
broker a, I love the way you rain down curses on the dip buyers and in the next breath announce that you will be buying RIMM anbd ACLI on dips!
# posted by : 11:46 AM
: 11:46 AM
"broker a, I love the way you rain down curses on the dip buyers and in the next breath announce that you will be buying RIMM anbd ACLI on dips!"
Fuck. Did I say that? I meant to say, I will instruct my trader to buy it on a dip. Effectively, taking myself out of the dip buying equation.
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Fuck. Did I say that? I meant to say, I will instruct my trader to buy it on a dip. Effectively, taking myself out of the dip buying equation.
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