Anindo, I don't see a rally in SEMI stocks. Majority are trading within their trading ranges, some near the top.
I am now less than 10% invested in a couple of dogs and hold a couple of options but by Thurs morning when MSFT's earnings is released I am going to start shorting stocks.
I like KTEL as a short tomorrow if it gaps up due to split.
I will short some of these stocks;
TXN, XLNX, MXIM, KLAC, NOKA, COMS, CSCO, DELL, HWP,
LHSG, DCTM, PMTC, BILL, QNTM, JBIL, BBY.
I wouldn't short AVEI at this point. Most of the damage is done. I don't see it dropping below 31ish. We will know by April 30th how
much support it has with fund managers. Remember CTXS went thru the same thing recently but it recovered strongly. I expect the same here, a shift from a momentum stock to value stock and back to momentum stock.
Clint
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