Buy @ $0.86, $0.855, $0.85, $0.845
Ok, I went crazy and bought at even higher prices… even went to Jump-Q before mkt open to grab some at $0.86. Reading thro' some articles of Semicon Fab Eqpt FORECAST for 2014 of +20-30% made me reckless… Coupled with PE = 10+ and Yield just <6% (if no Special Div) gave me a false (?) sense of safety…
Some articles also mentioned that Fab construction leads Fab Eqpt orders and well… since many Fabs already started construction in 2013 (based on semicon demand forecast, CAPEX already committed), I don't suppose they'll be left empty unless there's a severe downturn or mistake in the semicon demand forecast???
This batch of Buys can also be short term…
Good Luck to me… 😀
PS. Andy Luong (CEO) is unlikely to be behind the sell down today as it's likely the Blackout period now (Last year, Q1 results on 9-May). Semicon.org will release Mar-14 BB tomorrow 6am… perhaps profit taking due to fears of drop in BB to below 1?? My prediction is +/- 0.05 ie. 0.95 to 1.05, with a higher chance of a positive bias… I hope!
References :
- Fab equipment spending to increase 20-30% in 2014 by Solid State Technology dated Mar-14
- Gartner : Says Worldwide Semiconductor Capital Equipment Spending to Increase 12.2 Percent in 2014 by 4-traders dated Apr-14
- UMS AR2103