Zeev's Turnips Patch-No Politics (ZEEV)

[punkle]

Zeev, mlsoft, what do you think of this? Back to cash right now.

After the close on Thursday, SEMI will release its North American equipment book-to-bill for the month of October. I expect it to be another month where we will see the book-to-bill under 1.0 and down from September's level of 0.84. I just want to remind everyone that this data, while helpful
from an industry perspective, is a lagging indicator and really tells us nothing new. It's a three month rolling average and this data will have the three months that have seen steady declines (so it will not be good). The reason I bring it up is that people still trade off of this. The group has had a nice run recently and negative data may be an opportunity for profit taking.