Equipment makers were the only segment in semiconductors that did well during the last 3-4 months. It was because of the new product cycle which is over now.
Those numbers are now coming and all generously priced in already.
At this juncture equipment makers offer the best shorting opportunity in Semiconductors. Especially KLA Tencor which was upgraded and severely pumped by many institutions 3-4 months ago.
Today I was thinking about covering some AMD and short more KLA Tencor but it may be better to do it after the earnings as lunatics are out full force these days...
Edited by xD&Cox, 25 January 2007 - 10:23 AM.