Semiconductor Capital Equipment Stocks Discussion: Baby time

» Kirk - Baby time

I think bear market ends are usually characterized by capitulation when babies get tossed with bath water. I am not sure what makes a bear market or a correction these days, but clearly some great "baby stocks" are getting tossed the last few days with the Bath water. LRCX got hammered the last few days so it might be out of sellers... BOWG is also up 14% today so maybe sellers ran out of shares yesterday? 8)

I HATE being right when it means my good stocks get hammered when the overvalued ones get hammered. Still, the hammering of high PEG stocks was something I expected to happen eventually, just I had no clue what catalyst would set it off.

LRCX has a forward p/e now of 25 and is growing at 40%… duh… you do the math.
AMAT has a forward p/e now of 40 and is growing at 40%
Cisco has a forward p/e now of 123 and is growing between 30 and 50%….

I still have some UTEK shares… perhaps take the small tax loss and switch them for a better run company??? Hmmm… not a bad idea. But I am happy with my exposure in my other stocks in the sector and my shares of UTEK are for diversity and I still have hopes …. Maybe I am hopeless for holding on to crap stocks? 8)

-- posted by Kirk