Debating the LCD TV market

Yesterday, I commented on the article at Digitimes.com that said that LCD panel shipments were exceeding sell-through levels, and resulting in some inventory oversupply. This news hit the component makers (GNSS, TRID, etc.) hard yesterday.

Today, Roth Capital came out and defended the stocks, saying that they believe LCD TV demand is stronger than originally expected, and thus will offset any excess supply. Oppenheimer also said they thought the report was looking in the past, and they view it as a buying opportunity in the stocks that got hit.

The stocks mentioned are getting a bit of a bounce, but nothing huge. I think it's too close to call at this point, and would wait for the dust to settle more before trying to call a bottom.