Tuesday, August 15, 2006

 

Position Updates: BRCM, ATHR, NETL

All of my shorts are being heavily scrutinized now-- in light of today's data. There is a strong possibility the market may run for several days and wipe away my gains in ATHR, while deepening my losses in BRCM and NETL.

So, I have decided to either take on some longs of equal value to hedge myself or just call it a day and take my lumps.

I'll keep you posted.

# posted by Broker A @ 12:52 PM
Comments:
ATHR looks weak on the daily. I shorted since it gapped back down (that seems to be the pattern for the past few days). If today's data weren't so inflation friendly things would have been easier. Let me know what you decide to do- hedge or cover.
# posted by Blogger Gio : 1:13 PM
 
ATHR is the weakest. However, it can easily get going. I'll keep you posted.
# posted by Blogger Broker A : 1:36 PM
 
netl is weak on vol so this spike may not mean two many are on board maybe some shorts covering early you think?
# posted by Anonymous Anonymous : 1:46 PM
 
I agree. However, I am up big this year (20%+) and can afford to take small hits-- like BRCM and NETL.

The risk is missing out on what could be the only run of the summer.

I will have ample time to short all I want in September.

Nonetheless, I may do nothing. It all depends on late day trading action.
# posted by Blogger Broker A : 1:55 PM
 
you're right about pointing out the rise on weak volume... to me, that means whatever happens to the major indexes (Dow, Naz, SP) will reflect the movement of NETL.

I'd give more credit to people buying, and some short covering, now that Tech is hot and the semiconductors have been overbought for a while.

Right now I'm screening for stocks that should have benefited from a rally, but aren't. So far I got Hansen (HANS).
# posted by Blogger Gio : 2:04 PM
 
Any thoughts on EQIX now that they have said no backdating of options happened? (+15% today on the news & earnings)
# posted by Blogger Eli : 2:33 PM
 
I love EQIX. Great company.
# posted by Blogger Broker A : 2:38 PM
 
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