Replies to post #56 on Wadegarret stocks

[wadegarret]

yielddude, thanks

Hopefully the semi sector corrects some more next week, as I'd really like to see SOXS in the mid $5s or higher. I personally think the semi sector topped back in early Jan, at around 4000 on the ^SOX index. I believe the sector is over valued by 30% or more still, and that the only reason it's rallied so hard for 20 months, is for higher chip prices as a result of the continual supply chain issues. However as we get closer to seeing an easing in the supply chain problems, investors will likely not want to take a chance hanging on to these short term multi baggers in a highly cyclical sector