Zeev:
For the sake of longs on this thread (me included), I hope that your theory of really bad BTBs for the front end to come does not materialize. Even if BTB stays below .9 for front-end, since mid-December, semi-equips as a group are supported by the recovery in SOX, and I doubt that you'll see SOX falling below December lows (which in my book is needed if you still hope to buy CYMI at 14).
Short-term, CYMI could reach 18 as early as Monday morning (to this extent, I'd sold my JAN15s too early). Personally, I would welcome it staying above this level, but this may require SOX stabilizing above 280 - quite a tall order. If the previous months' pattern holds, a serious test will occur somewhere between Jan.10 and Jan.20 that will give you a chance to buy CYMI reasonably cheap.
Welcome back and good luck in New Year.
Yakov
BTW, RMIL thread looks to be really out of control. |
