Thursday, December 02, 2004 1:29:40 AM
MCRL SMH hitch up yer favorite chip stock for a little ride
The chip sector as represented by the SMH holder's trust had it's HOY in early January & bottomed Sept. 7. It's action since then has been formful and now shows itself as ready for a bounce from oversold conditions which haven't occurred since midOctober. The index is up more than 13% since then, but still lags the recovery in other indices.
IMOS MCRL & VTSS are 3 related semi issues that all hit the oversold scan. I own IMOS in a LT account as a play on the flat panel sector. know nothing about the other 2. MCRL looks ready to me
The chip sector as represented by the SMH holder's trust had it's HOY in early January & bottomed Sept. 7. It's action since then has been formful and now shows itself as ready for a bounce from oversold conditions which haven't occurred since midOctober. The index is up more than 13% since then, but still lags the recovery in other indices.
IMOS MCRL & VTSS are 3 related semi issues that all hit the oversold scan. I own IMOS in a LT account as a play on the flat panel sector. know nothing about the other 2. MCRL looks ready to me
TRADING: "More Signal...less Noise"
LIVING: "One World, One Family, Warm Heart" Dalai Lama
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