Friday, September 9, 2005

Semiconductors

I am little bit cautious this morning, since the Nasdaq does not get boost from upbeat TXN mid quarter updates. Traders were optimistic about the strength of TXN and INTC last night, and expected a big run up. But now the Nasdaq is lagging the Dow, up just tiny 3 pts. The stock does not perform as it is supposed to do, which always gets me concerned.

Don't get me wrong, overall I am still bullish on this market. I am just getting nervous a little.

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