True in any sector. Look at oil. Even companies that are still doing very well are dragged down. You just have to accept that this can happen and to get out of the way of the train wreck and pounce on the opportunity when the dust clears.
Look at most chip stocks over the past 6 weeks and you'll see that this is a sector correction with some stocks reporting missed estimates. A sector under correction will bring down the best as well. Just have to be ready when a bottom appears. I'm glad I sold 85% on Friday. Mostly because I couldn't trust the market while I'll be out of contact range of any cell tower next week.
I see $88.07 for today, but either way, it's breeched. My chart shows that it has farther to go until MACD & BOP change from going down to going up.
It's about more than that. The semi's are in a correction and you cannot fight it. I got out Friday (kept 15% of SWKS that I had) and will wait until the market improves. I don't like riding things down and would rather give up few points than a lot of them.
No matter how good fundamentals are, never let it become a 20-30% loss. Better to get out and then get back in later when the momentum changes. The entire sector has been under pressure for a month now and is not recovering yet.
1 week, NXPI up 12%, SWKS down 1%, both great earnings and forecast for next qtr. Flipping a coin works some times and some times it doesn't!
Trying to beat the consensus is hard. SWKS estimates were revised up by the analysts 7 and 30 days before earnings, so it's hard to crush any estimate since they can move it up right before earnings.
Don't be a lemming and look to the government to save or actually help people. It's NOT their job and don't make it so because it just takes more money from people who work for it. Everyone is given the disclosures and nobody reads them, it's your own fault when you invest or buy anything without looking into it.