The futures are, quizzically, down tonight. Another sign (premature?) that this is a fragile time.
I did fish today, maybe right or wrong, but I got some stock. I took a cue from you and got some CNXT and also some TQNT.
What a train wreck today in semi-land and the SOX index! VTSS was down close to 6 at one point. TXCC, TQNT CREE etc all big red.
TER hit a downdraft today with a big block seller at 36, and MTSN is an enigma with it poised to breakout out over a million shares a week ago, and then a few days later, is struggling to stay near/above it's 50 day EMA. Go figure that one.
All I can think is that we've chopped 12-14% of the SOX in the last 10 days. Today wasn't a rebound, kind of disappointing we didn't participate in the sandbox with the other sectors, however, when the semi's return, it will make me happy.
I'm glad your GNSS moved up. I've got to try to think LT, but when I watch months of gain evaporate in 2 weeks with some of these stocks, I move back to ST mentality mode, taking my profit and moving on. 12-18 months for me is just an eternity. I think in microseconds and ticks....!
Yet, ironically,....there are some stocks in my portfolio I am just content to "leave alone". JDSU, AMAT, VTSS....
Oh well...
Steve |
