Some Semiconductor Plays For Tuesday
The stochastics on most of the semi charts I looked at tonight were overbought. I'm wondering with the TXN news out, if they can stay overbought for a while longer.
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5 comments:
It should be a fun day tomorrow, check out QCOM - new post
I agree that semis should be an interesting sector to watch today. I am surprised TXN was up after hours. I think it actually presents a low risk short opportunity. However, I already shorted TER again yesterday.
I noticed you picked up PMTI. I own this too, and am really surprised how cheap it has gotten.
iio- PMTI is a bottom fishing play. I don't see how it can go lower, but short interest is high. If the ER is even close to being "debatable" it could get ugly. Right now the price is sitting on multi-year support. I don't know if I'll hold through ER yet.
woooo weee CY's looking ripe. Adding to my short watch list.
ambient
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