CYPRESS Semiconductor (CY) Message Board

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Technology Stocks : CYPRESS Semiconductor (CY)

CY 23.82

0.0%

Apr 16 5:00 PM EST

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To: Sidney Reilly who wrote (2611)	3/1/2016 1:16:18 PM
From: robert b furman	Read Replies (1) of 2694

Hi Sid, Cy has gone nowhere for quite a while: screencast.com These are my favorite kind of stock. They go sideways and also pay a dividend. I use these to sell cash collateralized puts on. for example I sold puts for an average of 85 cents on an exercise price of 8.00. ( I sold them way too early as I didn't expect price to dip to 6.00ish. Either way I doubled the dividend payment for holding the puts till expiration in January 2016. If I'm put the stock at $7.15 net purchase price and the dividend would yield 6.16%. I try to space the puts out every 90 days and then when price dips I am sometimes able to accumulate some shares that will yield a nice dividend.. I've listened to TJ's webcasts and it appears there is a workout of several more quarters to lean out the inventory that the Spansion acquisition sadlled them with. Once absorbed the fab will kick in to a higher level of utilization that should drive margins up with profitability. At any rate it sure is nice to have some one else on this island of a thread. Please post and wake me up every once in a while.LOL Bob

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