Tuesday, November 07, 2006
Sector Spotlight: Semiconductors
If you are short the Semi's, like I am, you are getting buried today. There really is no let up in this market, as investors who have been sidelined panic buy. I have seen this type of speculative activity many times before. Although, it always ends in a fucking mushroom cloud, it is damn fun while it lasts-- for longs.
Meaning: Even though stock prices are running out of control, that doesn't mean they can't run another 50% from here. Frothy markets tend to stay frothy.
As for the Semi's:
Terrific strength today. I am seeing big gains across the board and suspect there is a lot of short covering in stocks like ALTR, BRCM and TRID.
For now, ride the wave and enjoy.
The following Semi's have mojo:
VTSS +9.5%
VIMC +7.2%
ALTR +4.6%
HITT +3.7%
WFR +3.5%
TRID +3.3%
Meaning: Even though stock prices are running out of control, that doesn't mean they can't run another 50% from here. Frothy markets tend to stay frothy.
As for the Semi's:
Terrific strength today. I am seeing big gains across the board and suspect there is a lot of short covering in stocks like ALTR, BRCM and TRID.
For now, ride the wave and enjoy.
The following Semi's have mojo:
VTSS +9.5%
VIMC +7.2%
ALTR +4.6%
HITT +3.7%
WFR +3.5%
TRID +3.3%
Comments:
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are you getting tempted to buy on WFMI's thermonuclear dip? Or should I short the dead-cat bounce sometime in the next few days?
I like AMD,TXN long here, mostly because they're not too hot to handle. Maybe I can own 'em for more than a week...
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I like AMD,TXN long here, mostly because they're not too hot to handle. Maybe I can own 'em for more than a week...
# posted by 
: 11:47 AM
: 11:47 AM 
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