Most of the negativity is built into these stocks. Today (Thursday) may be a proxy for how we're going to look for the next quarter -- more indecisiveness but not as much negativity.
I like the resolve of the stock. I like the fact that it looks like all the negativity might be built into semiconductors, ... I would add the caveat that it's high risk, but this is a stock that can deliver pretty big returns.
The damage is already done. Investors are willing to go in and buy on the weakness. There is enough conviction that 25 basis points (one-quarter percentage point) is already built in.