Monday, August 14, 2006
Sector Spotlight: Semiconductors
I knew I should have bought RMBS this morning, under $10.50.
Damn.
Anyway, the SOX has emerged as today's leadership group, up better than 2%.
Even though the sector has been torn to pieces, I can't find it in myself to buy them, when already up 2%+. I have zero confidence in the sector, considering the weakening fundamentals and the fact that they are rich with option backdating scandals.
However, I recognize their importance as annointed leader of the technology sector-- even though I wish nothing but bad things for ATHR and BRCM.
Bottom line: These stocks have the look and feel of a short covering rally-- instead of institutional sponsorship. I would not buy into today's spike.
Anyway, the following stocks seems to have some mojo:
RMBS +7.9%
EMKR +7.6%
CHRT +7.6%
SSTI +7.1%
ANAD +6.2%
COHU +5.6%
VSEA +5.5%
SPIL +4.8%
ASTSF +4.5%
ISIL +4.5%
MSCC +4.3%
SPSN +4.2%
Damn.
Anyway, the SOX has emerged as today's leadership group, up better than 2%.
Even though the sector has been torn to pieces, I can't find it in myself to buy them, when already up 2%+. I have zero confidence in the sector, considering the weakening fundamentals and the fact that they are rich with option backdating scandals.
However, I recognize their importance as annointed leader of the technology sector-- even though I wish nothing but bad things for ATHR and BRCM.
Bottom line: These stocks have the look and feel of a short covering rally-- instead of institutional sponsorship. I would not buy into today's spike.
Anyway, the following stocks seems to have some mojo:
RMBS +7.9%
EMKR +7.6%
CHRT +7.6%
SSTI +7.1%
ANAD +6.2%
COHU +5.6%
VSEA +5.5%
SPIL +4.8%
ASTSF +4.5%
ISIL +4.5%
MSCC +4.3%
SPSN +4.2%
Comments:
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Good work John-
The best of all worlds: we all make money ;)
ATHR could run another day. Unless it spikes above $17 today, I will not add to my short position.
However, if it breaks $16.50, I will likely pile on-- in an effort to show red.
The best of all worlds: we all make money ;)
ATHR could run another day. Unless it spikes above $17 today, I will not add to my short position.
However, if it breaks $16.50, I will likely pile on-- in an effort to show red.
Will do Mick-
Good call on the oils.
My sole oil position is CEO-- up today.
I do think the sector will sell off-- near term.
Good call on the oils.
My sole oil position is CEO-- up today.
I do think the sector will sell off-- near term.
...sell way WAY to FAST - not so - you must always sell when you feel the need to sell - a small profit is still a profit. There's always the next one.
My motto - win, lose or draw - no tears.
My motto - win, lose or draw - no tears.
Avoid nat gas like the plague--until a Hurricane appears.
However, a tropical storm may appear tomorrow-- so keep a close eye on it.
Drillers should be bought on dips.
Bottom line: Just don't go in with guns ablazed.
Keep in mind-- September is usually a God awful trading month.
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However, a tropical storm may appear tomorrow-- so keep a close eye on it.
Drillers should be bought on dips.
Bottom line: Just don't go in with guns ablazed.
Keep in mind-- September is usually a God awful trading month.
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