SNPS -14%, ZRAN +9%, ODSY -15.60%, NOVL +4.37%, but we're always ready for the crap if it comes (ZRAN might crap, ODSY definitely will crap so maybe a gap fill by 10:30 to 11:00 and SNPS will probably have multiple downgrades and could be a gapdown and crap) I would not lock in put plays before we get a feel for how much this piggy will be down. WE might be in for swing shorts in SNPS and a number of other plays in the sector. SNDK now at 6 month low. (No position short but will be aggessively short some new earnings play that report on Wednesday or Thursday like we did today with MRVL, EASI, SMTC...) We will be adding some retailers to our grab bag of shorts and sorry if we don't seem bullish on the market, we like to play the trend, and unless I'm dreaming the gains in my trading portfolio, WE ARE GOING DOWN and have been going down for 7 weeks now. I don't want to talk much about the building sector because we are "in play" there and awaiting a pivot turn which has NOT come just yet. We have plays waiting 'on deck' here. A few calls picked up already but nothing much.
Congratulations Gemmers that held KLAC, CCMP, ELX YHOO or any shorts we mentioned overnight. We gave the "green light" to hold some and they are all exploding down again.