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Sorry to hear the bad news - my prayers are with you and your family
BRCM: apparently they like what they see in the SEC filing.
Stock now inside gap area - would like to see it close on big volume. Volume heavy so far.
BRCM got slammed when they said they would have posted a loss based on expensing options - so what - everyone was supposed to know this. So perhaps they will not be expensing options and thus 'normal' reporting will continue????????
BRCM breaking to DHH's and other semis swooning
BRCM: now starting to fill part of gap down day
new area of trading since gap down to 30.69.
So 30.69 start of actual gap - could move to fill.
Someone is blowing through all the overhead size
Have no idea on BRCM - I loaded up with Sep 30 calls - given this stock's beta it can put on a move - had huge volume at bottom so looks washed out. I cannot believe that Aug 30 strike is a barrier here. MXIM trading above 45 and wants to move higher - so no barrier there, but any softness on Fri and down they come.
I re-established my put writes [Sep 22.50 and 25] on INTC looking to cover around 25 again - should be some good resistance there
Where's grandpa??? hope all going well there.
Action since Fri seems to indicate a rally brewing.
LLTC MXIM creeping up and INTC leading index help.
Oil rally getting really long in the tooth - expect some real fall off in demand [all that can help]
Time to squeeze the shorts - may not happen until after options expiration, but exprations have not been barriers in recent months.
Looks more like a bottom last Thu/Fri
more important - markets moving despite high oil, etc.
given 'slowdown' will we see some drop in oil demand????
next terror threat - GOP convention - then elections
as nothing has happened - threat may be overblown
events subject to threat dropping off with no problems
thus less reason to be worried??????
Yes Virginia - still buying Sep BRCM MXIM and KLAC calls
should be done today for hold for about 2 weeks
No chatter - must be a major low
buying calls for holding, not trading now
last week may have put in a bottom -oil going parabolic
big come back in ADI - huge vol in all semi's
sign of a capitulation?
have to buy something here!!!!!
Expect a class-action suit against Google soon!
Not for the offering, but for internet security violations.
Public privacy violations and Google Mail.
Even though the links [to users' directories unknown to them and not meant by them to be made public and held in a public database for dissemination], will be claimed public by Google, their knowledge of the leaks will be enough for a trial lawyer [Edwards] to extort $ out of them.
I hear you - I am writing Sep puts on my INTC holdings.
I did well on my last write getting out near INTC 25.
[makes up for loss in the equity]. 22.50 & 25 strikes
With lower BB's being gapped over - this selling will not last
When the whore house burns, the pretty ones run with the ugly ones.
How true - companies pounding the table that sales are growing and doing fine are getting dragged down.
Perhaps we may see a major washout today [just joking], but what if we did. Only a strong reversal rally after a major gap down can save semi's. Otherwise the sentiment and momentum is towards further deterioration.
Yes, I am buying calls on BRCM today - I can double my positions for 1/4 the cost - what a deal [g]
I address this primarily to BRCM which is in perhaps the only non-disputed growing segment of semis - broadband & HDTV.
And MXIM for amazing continued surge in cellphone upgrades.
KLAC more fuzzy as slowing chip sales cause selling to bleed over into semi-equips, despite KLAC saying they are seeing big ramp in China and continued move towards adding more inspection in general to existing lines.
oops - taking advantage of the hopefully washout
overall semis not doing too bad
still adding to my favorites BRCM KLAC and MXIM
this should do it for my August commitment
having capitulated last week and regrouped
3 day consolidation may end today with the current dip.
semis showing strength - best point mover should be BRCM
I am buying a few more calls in BRCM KLAC and MXIM
it's hard to get in on a bid - may have to go mkt.
After 5 days of DJI up and SOX/SHM having made MACD buy signals, take this day of consolidation to make some buys.
I have been trading calls only for the past couple of days and still feel that puts are not wise.
Will be buying today once we see some sort of bottom being put in - even if early.
Nice rally so far: Have to go perhaps for rest of day so don't let this thing slide back - I put it in your hands.
Given strength in KLAC I have loaded up again on out of the money calls.
MACD: SMH buy signal - SOX on cusp
Time to load up for move if you have not already
I know semi has moved above 10, but power move in the making
KLAC has a lot of ground to make up as does BRCM
MXIM never really dropped and should one of first large semis to make new high
Amazing - major semi moves up after eps!
While KLAC said orders would be lumpy - big lumps are good.
Best comments came from the fact that they are taking mkt share and customers are needing their inspection tools more to increase overall yield.
You have to stop bad wafers with low yields at a given step from traveling farther down the line thus overall through put yield would drop more. So if yield is say 95% after 4th etching, chuck the wafer. I am sure they have some fancy software to predict yield down the line based on where defects occur on the wafer and in processing steps completed.
And MER is at it again - downgrading semis. Damage limited so far.
Thanks. have been for 35 mins - overall upbeat - analysts driving for negativity - co stealing mkt share, margins improving - but who cares about the good stuff??????
Correct - but it's about equity
I expected INTC would bottom shortly after the first day of the fall. Given lows a couple of days before, I picked 7/23 to write puts - as stock rises, I make [recoup] value in the stock and the value of the puts drop to my benefit.
If it goes the other way - as it did when eps came out - you lose. If I had been exercised, I would have to had buy the stock at 25 [they had the right to sell it at 25] and sell it quickly before the stock fell any more, which it did.
Bottom line - take your lumps, don't speculate with a deal already gone bad.
Remember those INTC put writes I covered on 7/14
It was a good move that day as stock got worse.
And it bottomed 6 days later on 7/22
See post 2175 where I wrote Aug puts against my stock on 7/23
Today I feel redempton as 25's I wrote with stock at 22.75 are shrinking nicely.
Adding to calls on this dip - MXIM BRCM KLAC as usual
each terorist scare shakes the mkts and someday something will happen [I hope I am in puts then]
KLAC failed to sign a large contract in Q2 which should now fall into Q3 - this is why it got killed when it said its revs would be flat in Q2.
It's old news now and positve sector tenor and a reasonable eps report and view should propel KLAC back into the 50's [not the 1950's].
MACD: TXN, MXIM buy signals - very close SMH DJI
day or so behind SOX SPX
Evidence mounting that an important bottom is in....
Time to buy and hold and look for semi sell point - finally!!!
MACD buy signals - INTC MOT, very close TXN MXIM
Calls hard to bid for - had to go mkt
Buying calls now - KLAC BRCM MXIM
MACD - SOX SMH on track for buy signal Fri or perhaps even today with a big move ....
We have start of something - calls running away.
But I will be patient - there will be a dip.....
See - I capitulated Tue at the botom and pulled all calls positions. Now playing only closer in strikes.
Just my luck the semis will put on steam and all those way out strikes go multiple!!!!!
Sold all calls near close Wed - now waiting for dip to get back in. Too risky to buy puts with this tape action.
Given SPX and DJI held May lows, markets are primed to run.
With Bush overtaking 2xJohn in polls this is a great positive.
Russia will be resolved and oil will fall.
KLAC should give good guidance as big order that did not book in Q2 will book in Q3
I knew it would sell off - but I got the high!
[just as COMPQ neared even]
All cash now - tomorrow is another day.
Quick trades - the only way to go for now.
Taking my profits while I have some!!!!
Look at volume in QQQ SMH - perhaps this was it?????
Nice rebound - can we have a plus day for a reversal?
I have some nice profits today - just might take them!
Closed puts, now buying calls - BRCM KLAC MXIM
no more buy and hold for now - just trading.
It's all about oil - Russia thing now.
Clearly as 10d SMA falls it will be easy to get a sell call very quickly on any short term bounce - thus the trend is down and should be played for the short side and not the long.
I have capitulated [now we definitely have a bottom!] - now hedged with puts and calls - took a whopper of a loss - but that's the way it goes.
KLAC reports on Thu and may send this thing deeper - perhaps we really need to see that big gap down open to wash it out.
Until then, I will trade both sides and do not care which way things move -as long as they move!
Semis are really lagging - but coming on
go BRCM.....
Given how bad things looked, we had to be at a bottom
MACD: That's 3-4 days for SOX, but 2-3 days for SMH
It will not take much of an up move to give buy signals!
But then we should hit semi > 80 quickly as well, but it is not likely to be confirmed by other indicators, etc.
I have been writing puts against my INTC holdings today
22.50 and 25 strikes.
The up and down flagging in semis is making the MACD case get closer to a buy signal - staticly we are 3 to 4 days away based on my probability model - basicly the decline is very long in the tooth.
As for BRCM - I just don't get it. No more buys here for now - just hold what I have and see how it react WHEN we get a rally.
Well - that had better be it - we need a rally!!!!
At least next week is a new week - only have to wait out KLAC
Just a spectator now - need some positions to work out.
Do we still need a gap down open or will today be good enough?
MSFT pulled the ol' 1-2 punch - good news then bad news.
BRCM: In case anyone has been following - I have bought more calls on this baseless gap down and drop open. It's called averaging down [g].