Hey, it run all the way to $89, you know IOleft a good 30% on the table, when will I learn? At least I got the first trip on NVLS to within a buck of its top, some consolation.
As for playing with fire, long term, I think that RMBS is a no brainer, the price differential will dissipate as production ramp up occurs, and unless INTC deserts the RMBS approach, IBM's "protestations" will be for naught, IMHO. I am ready to jump back in if $69 holds, and if it does not, I'll have few GTC between $45 and $52, the time frame is quite compressed. If RMBS fails here, it goes down some $20 in a very short time.
As for VECO, if the semis get murdered (a nd that double top on ths SOX at 428-429 is looking mighty ominous), we could see super cheap stuff coming down the pike, I have taken out my GTC (it did not go much under $29, but made a new lower low, so beware) for the time being. I hate those losing trades, but overall, VECO has been so good to me, I cannot complain (VBG).
Zeev |
