No, I am going to hold on TSEM and will double up probably much lower ($3.20?), it trades very thinly, and it will take time to accumulate. Similar to HAUP in a way, and HAUP paid up a double plus and a 50% plus on a similar tactic. I think that TSEM could easily go to the mid teens and possibly mid 20" in a a year to 18 months, once some tightness in the fab market develops. Unless you plan doubling up, taking lumps is not a bad idea and then wait for a change in the environment to redeploy.
Zeev
In edit, the lunch tactics is not working, BRCD just printed a new low for the day and I am out here at $24.95 for $.30 loss. The rest of the Q followed immediately, all at minor losses, BRCM at $34.85, (-$.35) QLGC at $40.40, (a big $.45 loss), EMLX at $23.75 ((-$.$.45) and JNPR at $23 flat (-$.40). C'est la vie...MERQ also got booted at $24.10 a loss 0f $.73 Ouch, a bad lunch tactic alright... |
