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ProShares Short Dow30 Message Board

  • hogsgeteaten12000 hogsgeteaten12000 Jul 26, 2009 6:50 PM Flag

    He said

    "Sales for the worldwide semiconductor equipment industry are expected to decline 52% in 2009. This follows a 31% drop in 2008. While there is no doubt that 2009 will be a second consecutive down year for the industry, many question if we have reached a bottom.

    Wha? where is the recovery in that sector given INTC etc.. earnings surprise....?

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    • Yep, and all the equip companies across the board have been reporting big losses, but the stocks are up 30 to 40% in the last month alone. Intc has alraedy spent 80% of their capex for this year and lowered capex going forward, but don't tell wall street. Makes to much sense, so stocks keep ramping because the worse is over

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