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Strategies & Market Trends : Shorts waiting to happen

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To: Cadaver who wrote (213)7/9/1996 1:00:00 PM
From: dppl   of 852
 
Thanks for the input - I sold 25 July 17 1/2 puts at 3 when AMTX hit 14 1/2 (what a premium!) - bought them for 1 5/8.

I still can't figure out whether USRX is heading for upper 60s now or not. Strong support at 78 but if that slips, then it's 66 or so.

I'm following Ascend. Looks like Stratcom earnings helped push up CSCO a bit, and perhaps this bodes well for ASND.

Out of curiosity, how do you like XICO (there's a quite informative tread on SI). They have a good growth profile now after a turnaround that lasted a few years, and allegedly a big order book. They haven't been hyped too much; although they are in the same business as ATML more or less - EPROM - they have quite a few proprietary chips coming on line with 50% profit margins.

CUBE still gives me the willies -- any thoughts here? Looks like it could take another dive to the mid 20s.

Good luck and thanks

dppl
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