The Semiconductor Index (SMH) broke it’s 100-day moving average, explains Joe Terranova. In this space it’s important to be selective. I like Broadcom (BRCM), NetApp (NTAP) and Novellus (NVLS).

So let's put it all together. This is now a short-seller's paradise for the moment. Washington is against us. Oil is against us. Tech? Broadcom (BRCM) is actually trumping everything including Microsoft (MSFT), and that is part of the misery here today;

All of these stocks can pull up the Nasdaq from its doldrums, something badly needed after the difficulties spread by Broadcom (BRCM) and TriQuint last week.

followed this stock for 5 years

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Stock Wrap: The Real Story, June 30: Oil futures fell, and the major stock indices in New York shed up to 1% Tuesday. The end of the second quarter is here, with an unexpected drop in consumer confidence.
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"I've been telling people to take profits in [TSM] and cycle into ON Semiconductor (ONNN), Cadence Systems (CDNS), Brocade Communications (BRCD) and Broadcom (BRCM)." "Mad Money Lightning Round," 6-16-09

Tech can't be fought here. Because people are partying like it is 1999, when firms used $400 price targets for Qualcomm (QCOM) and Broadcom (BRCM) had all the wireless network answers and Apple (AAPL) had the audacity to think that it could control the music business.

Also on Cramer's list of the big fund managers' buying list are Corning (GLW), Marvel Technologies (MRVL), Apple (AAPL), BMC (BMC), Nvidia (NVDA), IBM (IBM), Broadcom (BRCM), Google (GOOG), Yahoo (YHOO) and EMC (EMC).

3 Stocks I Saw on TV: Dan Fitzpatrick examines three stocks viewed on Fast Money. Today's stocks include AIG, Broadcom and BorgWarner.
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Bad Management

executives take too much profit

loss money

over hype

Good product just is very erratic and always seems to move much more by sector than independent.