Zeev's Turnips Patch-No Politics (ZEEV)

[mlsoft]

Paul A.

CCMP is very similar in business to LRCX, and I had left it alone recently because of the LRCX report being taken as mildly positive. CCMP is now up over $10 from its lows (unlike LRCX when it reported) and the shorts have been seriously run lately. I look for a "sell on the news" reaction for in line or slightly better earnings and guidance or a decent sized sell off if earnings are disappointing, as I suspect.

It has not been a good quarter to bet on good earnings and guidance out of an equipment company, and I see no reason to expect something else out of CCMP.

We shall know tomorrow morning.

mlsoft