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An impressive rally in chip fab stocks after Bank of America/Merrill Lynch goes bullish on the...

An impressive rally in chip fab stocks after Bank of America/Merrill Lynch goes bullish on the group, saying inventory risks seem to be diminishing and demand prospects look stronger for H2 and next year. ASX +7.7%. UMC +5.4%. SPIL +5.3%. SMI +4.1%. TSM +3.5%. TSM +3.4%.
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Comments (1)
  • j_remington
    , contributor
    Comments (1343) | Send Message
     
    "...demand prospects for the second half and for 2010 appear to be improving.."

     

    WTF? the stocks have priced in any prospects for improvements.
    9 Jul 2009, 02:39 PM Reply Like
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