Savvy Trades and Investments

[wadegarret]

SOXS, how low before foolishness is over ?

I get the feeling that $32 might be the case. I am averaged in @ $38.50, but will bring average down, adding every dollar lower now. The average semi conductor stock in the SOX is now up 50% since Dec 25, 2018, and has a PE 80%+ higher than historic. In 2000, the semis fell 60% in a few months, but went to the moon before that happened. The same seems to be happening now. Just look at the MAX chart for any of the major SOX weighted companies. ASML, QCOM, LRCX- all charts look the same, with recent highs going up at an almost 90 degree angle !