Considering I was going to sell at 15 5/8, I am glad I waited. The thing that really has me intrigued about this stock right now is it is going up but it also has very strong volume. In the last 3 to 4 days it has traded over 500m shares. What that tells me is that institutional money is coming in. And, like Doug, I believe the stock will easliy hit 20 soon.
The activity on the stock is a lot like it was a couple of years ago when it hit 38. And, although it has had times in the last 18 months where it has hit 18, the volume and share price strength are stronger than in the past 18 months. Just look at yesterday, a slow day of buying so the little guy sells dropping the price because of lack of interest. Now, today it hits 18. Very strong.
Additionally, LRCX TXN CY AMAT KLAC and so on have been moving big lately. Personally, with all of that money going into those stocks, they are not moving on greed, the chip business is on its way back up and the big money knows it.
Personally, and of course I could be wrong and probably am, we are seeing the beginning of the next bull run in the semis. |
