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Technology Stocks : Semi Equipment Analysis
SOXX 304.96+0.4%Dec 23 4:00 PM EST
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To: Donald Wennerstrom who wrote (53082)8/7/2011 10:38:42 AM
From: 2MAR$  Read Replies (1) of 95627
 
WFR turns out was one of the best shorts all week from the earnings pop to $7.70 a/h down about 32% from just weds into fridays close ...what a doggie and a badly missed short on my part which was the way i was leaning . If i had done one thing best last week was to short as heaily as i ould that after hours pop and took off for a few days & went diving ;o)

It got one little pop to $6.90 area after earnings that day , then sold relentlessly back down all week .If what one analyst is saying is true, in a little over three years WFR has gone from having over 1 billion in cash and no debt to currently having 650 million in cash and 1.2 billion in debt . The thought being it will eventually need to tap the debt markets and since raising equity is pretty much out of question now given its new capital-intensive business focus, with if debt markets become difficult , WFR is very close to being done.

Looks like it has $3's written all over it RTS mentioned already ...wished i could say i took the short as it wittled away down but so many others were firing off at the same time in that busy last week . It was one of the best shorts all last week in the entire market though ... oh well , should have would have .
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