MicroStockProfit

I’m not sure why AMKR has dropped so far, so fast.  It appears, on its face, that the company is doing the right things and the news has been mostly good.  Doesn’t matter…persistent selling has knocked off 50% of the company stock price since its most recent high.

Here is the chart, so you can see what I am talking about:

It is a large company (definitely not a penny stock) that is involved in the semiconductor business and has had some “choppy” financial results lately.  What I mean by that is that it has posted both losses and profits on different quarters in 2009.  The balance sheet is reasonably strong….good cash and liquidity ratios although debt is high (over $1.5 Billion).  Nothing to worry about there.

Why the drop?  I took a quick peek and couldn’t find anything.  I will do further research later, but for now I wanted to bring this company to my readers attention.  I think that it has a very attractive chart, is sitting on or near strong support, it is in an industry (semiconductors) that seems to be getting “off the mat” and has the financial strength to weather this financial storm we are in.

It did bounce off support yesterday….I would suggest watching to see if it re-touches support or continues its bounce.

Enjoy your day in the market!

Legacy Systems Holding, Inc. (OTCBB: LGYH) provides wafer cleaning and stripping technology to the semiconductor and related industries. Under the direction of its President and CEO, Robert Matthews, Legacy has developed and patented a new, breakthrough process that employs “Green Chemistry” to produce an environmentally safe process for photoresist stripping and cleaning of any size silicon wafer. Legacy delivers its cleaning technology through its own state of the art benches that employ the latest in robotic systems, or via specially designed modules that can be integrated into existing bench technology provided by other equipment manufacturing companies.

Intel Corp and STMicroelectronics have joined forces to create a new company called Numonyx that will produce NOR, NAND and a new breed of flash microprocessors called phase change memory (PCM).

These types of memory chips are used in personal electronic devices from MP3 players to cell phones. Who better to clean these chips then our very own diamond in the ruff Legacy Holdings Inc. (OTCPK: LGYH).

LGYH already has ties to both companies making them a perfect choice for their patented green wafer cleaning technology the DryZone TM. Numonyx is scheduled to start shipping chips commercially later this year. LGYH could feel a positive impact from this joint venture as we head into Q2 of 2008.

Applied Materials Inc. (NasdaqGS: AMAT), one of the largest chip equipment makers in the world, is one of the lone bright spots in the financial news today. The company recently signed a $1.9B deal with a unnamed international private entity to supply equipment, installation and warranty services for a number of factories that will produce solar, electricity generating modules.