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Technology Stocks : Semi Equipment Analysis
SOXX 227.36-5.2%4:00 PM EDT
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To: Sam who wrote (89084)10/3/2022 4:08:13 PM
From: Sun Tzu1 Recommendation

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Sam

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You are a fund manager. You can make 4% to wait for the market to bottom, or you can try to catch falling knives. Which will you choose?

As for Xi and China - they have already started helping their housing market, which is why copper jumped so much today. But ultimately they need to get their economy back on track and that doesn't seem very likely.

The market is highly oversold and some bounces are in the cards. But the official earning estimates are too high. And everyone knows that. So what you want to watch is what will happen after the pre-announcements. Is there more selling to be done, or will they behave like MU.

In fact, MU may be a good indicator.
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