Jorj, I usually don't play on the short side, but some of the Techs rose rapidly over the past 2-3 weeks. SDLI was the first one that I played, but I covered early as a day trade when it dropped to 290 or so.
SDLI, BRCM, CIEN, AETH, JDSU, PMCS, RBAK, SCMR(though it dropped today) and SONS (I am short a small boatload at 152 average accumulated over the last couple of days) have all skyrocketed.
I won't bet against some of them to keep going. CIEN, RBAK, SONS and (as you said) JDSU seem to be a bit ahead of themselves.
I do not understand the interest in SONS to be honest. The low float and low volume seems to be the catalyst.
I will take a closer look at JDSU.
On the long side, AOL, RFMD, AMCC (maybe)and NOK are within my previous buy targets. I may pick up RFMD, especially if it hits high 70's, though 84 seems to be reasonable. I have picked up a bunch of KEM, AWR and VSH over the last couple of days in addition to a few NOK as well. They are just too profitable to ride through earnings season without at least a 25% pop (imo of course).
What do you see CAMP doing?
tp |
