Monday, December 04, 2006
Sector Spotlight: Semiconductors
The bears are getting their heads chopped off, one by one, as everything but oil rips higher. Tech stocks, specifically Semiconductors and Networkers are up big and have plenty of momentum.
Once again, the temporary dip in the market was a buying opportunity-- not a prelude of some disastrous Elliot Wave type decline.
With the dollar stable and oil prices on the decline, I feel the Semi's could run a bit higher.
Bottom line: Sellers, line up to get your head cut off.
NOTE: I feel oil should be bought on this dip, not sold.
The following Semiconductor stocks have mojo:
Have you heard anything about NBC buying thestreet.com? Any thoughts?
The rumor probably started from all the hoopla over the new cnbc.com website.
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