Ok.. I added to my SMH short.. will dump it all on a break over $31..
That MRK news I think rotated alot of money into the semis this morning, and after a gap down the shorts ran for cover. I still think its a headfake but now that the shorts are scrambling a bit it takes the 'easy' part out of it now and a struggle to sell them off hehe..
INTC is weak which is what I like to look at.. NSM was pushed so that doesnt count.. BRCM actually cost me $200 on this squeeze since I didnt want to go crazy.. Bastids..
MU as usuall.. they missed.. and slapped lipstick all over the pig with comments like 'prices are pushing higher/demand on pace with supply' blah blah same old...