I sure am happy I didn't short ASML yet. Looks like we have a "super cycle" in the works this year.
http://blogs.barrons.com/techtraderdaily/2011/01/14/amat-chip-equipment-zooms-on-intels-big-spend/?mod=yahoobarrons
Gus Richard with Piper Jaffray this morning writes that Intel’s move confirms his view that there’s a “super cycle” going on in chip equipment. He raised his capital equipment revenue growth forecast for this year to 15% from 10%, with the top four largest spenders probably increasing capex 27% combined. Richard sees Applied, ASML Holding (ASML), Nanometrics (NANO), and Ultra Clean Holdings (UCTT) having the best prospects.