Thank you, mlsoft. In this case, it's not so much exact timing that interested me as longer term prospects -- the future of gaAs, for example. It's very helpful to have your insight on that.
It looks like you should be okay with your shorts, even if the entry was a bit off. The semis were just crazy this morning! KLAC and VSEA: pffft. It's always fun to watch the options players when there's a large divergence between the SMH and the QQQ relative to max-pain.