I trade full-time while simultaneously working full-time. I provide commentary detailing the pitfalls and profits that come while fulfilling the responsibilities of a senior management position and trading at the same time.
Monday, April 23, 2007
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.
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.
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.
It should be a fun day tomorrow, check out QCOM - new post
ReplyDeleteI 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.
ReplyDeleteI noticed you picked up PMTI. I own this too, and am really surprised how cheap it has gotten.
ReplyDeleteiio- 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.
ReplyDeletewoooo weee CY's looking ripe. Adding to my short watch list.
ReplyDeleteambient