OUTLOOK: Investor expects chip stocks to face additional downside

ACTUALLY HAS BEEN AN INCREDIBLE VIBRANT MARKET THIS YEAR. AND BREAKING NEWS, INTEREST RATES ON A BORROWING OUR BIG MOLDS RIGHT NOW BY THE DECIDERS FOR THE FEDERAL RESERVE OPEN MARKET COMMITTEE KICKED OFFICE TO DATE MEETING ON RATES THIS MORNING FOR THEIR HUDDLING BEHIND CLOSED DOORS RIGHT NOW FOR TOMORROW IS THE BIG MOMENT WILL THEY LEAVE RATES UNCHANGED? CUT RATES OR MAYBE HIKED UP WITH YOUR MARKETING YOUR PORTFOLIO AND FOCUS WAS CORRECT TO THE FLOOR FOR DRIVING OUT CAPITAL CHAIR TOM PAYS AT THE START OF THE SOMERSET ON THIS SHOW TO SO MANY MEMORY CHIP AND CONDUCTOR STOCKS WHAT DID YOU SEE BACK THAT IN JUNE? CLICK TO SEE MOST CROWDED TREY BUT GLOBALLY INSTITUTIONAL MANAGERS RETAIL INVESTORS, OR BUYING CALLS AT RECORD HIGHS. THERE IS A GAMUT SQUEEZE EVALUATIONS WERE CRAZY AND THIS, BELIEVE IT OR NOT IS A CYCLICAL BUSINESS. THEY FOR THEY CANNOT COMMAND THESE HIGH MULTIPLES. THAT THE MOVING FORWARD HIS CELL THESESE SHINY OBJECTS ARE OVERCROWDED TO SEE FITS AND STARTS WILL GET A BOUNCING DROPPED A LOT. LIZ: THIS IS SINCE THE DAY AFTER YOU MADE THE CALL SANDISK HAS LOST 44%. YOU CAN SEE SOME OF THE NAME SUE GOT MORE BELL TECHNOLOGY DOWN 7% TAIWAN SEMI WHICH IS NOT A CHIPMAKER IT MANUFACTURES THE CHIPS THE NVIDIA'S AND SANDISK NC GETS OF THE WORLD PUT IN THEIR. IS THERE ANY LEVEL AT WHICH YOU WOULD START BUYING THEM? 44% DROP IS A PRETTY CHEAP POINT ISN'T IT? >> ARE STILL A LITTLE BIT MORE PAIN WE TOOK A LOT OF HEAT BUYING UNTIL 20 MORE HEAT SELLING AT 96 AND 97 BECAUSE IT WENT TO 140. TODAY IT IS AT $85 IS GOING LOWER. I THINK THESE THINGS ARE GOING TO BOTTOM OUT OVER THE NEXT COUPLE OF MONTHS WE'VE GOT SEASONAL WEAKNESS COMING AHEAD WITH THE ELECTION, WITH THE MIDTERM ELECTION YEAR WITH THE FALL SEASONALITY. I THINK THEME IS FITS AND STARTS WILL GET A KNEE JERK BOUNCE PROBABLY THE NEXT COUPLE OF DAYS OR SO PER THE GOING TO CONTINUE LOWER INTO THE FALL. SELL THOSE SHINY OBJECTS BY THE DIAMONDS IN THE ROUGH. LIZ: WILL GET TO THOSE IN THE SECOND BECAUSE YOU'RE SO SPOT ON BACK IN JUNE ABOUT WHAT TO SELL WHAT OTHER SIGNS DO YOU SEE? I BRING UP ORACLE BECAUSE YOU DISCOVERED SOMETHING ABOUT ORACLE. YOU FEEL LIKE THIS IS A WARNING SIGN? AS A COMMITTEE NAME IS WORD CREDIT DEFAULT SWAP FROM THE GREAT FINANCIAL CRISIS. ORACLE COST TO ENSURE THEIR DEBT IS HIGHER THAN IT WAS DURING THE GREAT FINANCIAL CRISIS. RECORD SPREADS IN YOUR SING THIS ACROSS THE HYPER SCALARS THEIR RECORD BORROWING THEY RUN OUT OF FREE CASH FROM THE RUSH THEY ARE GOING TO CASH FLOW NEGATIVE. GOOGLE FOR THE FIRST TIME IN HISTORY GOOGLE NOT NOR DID THEY TURN CAST FLOAT NEGATIVE IS A RENT INCREASE SPENDING MARKETS AS WERE UNCOMFORTABLE WITH THIS NOT ONLY VIEW STOCK BUYBACKS WE HAVE ISSUED DEBT KNIFE ISSUED EQUITY YOU'RE DELUDING US AS OWNERS AND WE ARE STILL NOT SESEEING THE RETURN ON INVESTED CAPITAL. BY THE WAY YOUR EARNINGS ARE INFLATED BECAUSE A LOT OF EARNINGS OR FROM OTHER INCOME TO MARKET ON YOUR SPACEX AND ANTHROPIC IS NOT OPERATING EARNINGS. LIZ: IF YOU BOUGHT IT GENERALLY SECOND IT'S DOWN PRISCO TO THE DIAMONDS IN THE ROUGH NOT NECESSARILY TECH STOCKS THESE ARE CONSUMER AND I GUESS A CITIZEN -TYPE STOCKS OF THINGS PEOPLE HAVE TO DO PER THAT IS RIGHT YOU WANT TO BE CONSUMER STAPLES CONSUMER DISCRETIONARY PAID BY THE WAY CONSUMER CONSUMER CONFIDENCEIS BOUNCED DO THE CONSUMERS DOING BETTER DESPITE THAT RECORD YOUR SING IN SEMICONDUCTORS. LIZ: TODAY WITH THAT OLD NUMBER LITTLE LOWER THAN EXPECTED. IT IS SPENT FITS AND STARTS BUT IT SEEMS LIKE A SURGE MOVE IN THE RIGHT DIRECTION. THIS ONE IF YOU REMEMBER THE FAMOUS SONG MEISTER RONA THIS IS MY SIR RONA THEY ARE THE LEADING DENTAL SUPPLIER SINCE THE LATE 1800S. THE STOCK IS DOWN 80% YOU KNOW THESE ARE MY FAVORITES AT THE TURNAROUND TOM SPECIAL WE THINK THIS CAN RECOVER VERY, VERY QUICKLY AND IT HAS. LIZ: WHY? LIST TWO THINGS THEY DID A BAD DEAL WITH THE BUYING AT THE COVID PEAK THE INVISIBLE LINERS ET CETERA FOR THAT IS A BAD DEAL HAD TO WRITE DOWN A BILLION DOLLARS. DENT HAD A BRILLIANT IDEA LIKE NIKE WERE GOING TO GO DTC AND CUT UP ALL BART DISTRIBUTORS LIKE SCHEIN, PATTERSON ET CETERA ET CETERA THE NEW CEO CAME IN PRETTY IS BRAND-NEW AND COMES IN FROM GLOBALIST MEDICAL HE WAS CHIEF COMMERCIAL OFFICER THAN CHIEF EXECUTIVE OFFICER HE IS APPLYING THE SAME THINGS HE BROUGHT BACK ALL DISTRIBUTION AGREEMENTS IN THE LAST FEW MONTHS. PATTERSON SCHEIN, ATLANTA DENTAL ET CETERA OPERATING WEBS TO CUT THE DIVIDEND THAT GOT ANOTHER 125 MILLION FREE CASH FLOW TO WORK WITH. INCREASED R&D. THIS IS ON FIRM FOOTING, FIRM BALANCE SHEET WOULD LIKE TO SERVE THE NEXT THREE TO FIVE YEARS WE THINK IT COULD BE MULTI. LIZ: MARKET CAP IS UP JUST UNDER 3% TODAY AND PEOPLE AND TO FIX THEIR TEETH THEY DO. GOOD TO SEE YOU TOM THANK YOU VERY