Friday, November 03, 2006
Sector Spotlight: Semiconductors
First off, our Governments data collection department, specifically for employment data, should be replaced with a fucking robot that spits out random numbers and drinks beer all day-- like Bender from Futurama.
The numbers were great, but entirely unreliable. Therefore, I am not happy, at all, with the data.
As for today's trading:
I get the hunch a lot of people feel betrayed by the incompetence of the Gov't, with regards to the employment data. Furthermore, the market is a little top heavy up at these levels and will probably sell off.
As for the Semi's:
So far, they are holding up very well. We are seeing early gains in MRVL, ISIL, WFR, TRID etc. However, most of the gains are tiny and could easily swing the other way, should we get a bad ISM number.
UPDATE: The ISM numbers were better than expected. Perhaps the new rumor will be of rate hikes, not cuts.
The following Semi's have mojo:
IRSN +12.6%
INTT+ 8.1%
ISIL +3.8%
SIMO +3.6%
QI +3.5%
COHU +3.5%
VTSS +3.5%
The numbers were great, but entirely unreliable. Therefore, I am not happy, at all, with the data.
As for today's trading:
I get the hunch a lot of people feel betrayed by the incompetence of the Gov't, with regards to the employment data. Furthermore, the market is a little top heavy up at these levels and will probably sell off.
As for the Semi's:
So far, they are holding up very well. We are seeing early gains in MRVL, ISIL, WFR, TRID etc. However, most of the gains are tiny and could easily swing the other way, should we get a bad ISM number.
UPDATE: The ISM numbers were better than expected. Perhaps the new rumor will be of rate hikes, not cuts.
The following Semi's have mojo:
IRSN +12.6%
INTT+ 8.1%
ISIL +3.8%
SIMO +3.6%
QI +3.5%
COHU +3.5%
VTSS +3.5%
Comments:
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I've made large chunks of happiness, if not money, on my tiny short in WFMI. The stock reaction is incredible today. I love BofA cut - they dropped the target price by $30 and declared themselves "neutral". Whenever Bender isn't busy churning out garbage for the feds, he should probably be producing stock reports.
On MVIS, I guess you've already answered the first question - did report last night change your outlook - with a "no".
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On MVIS, I guess you've already answered the first question - did report last night change your outlook - with a "no".
# posted by 
: 11:35 AM
: 11:35 AM 
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