Personally, I like it as a short candidate at this level. It's run almost 50% in the past 4 months or so. I think semi's are overvalued even with what the sector is saying about growth.
I'll see how it plays out by the end of the day. Just looking for a quick pullback now that the NAZ went positive. Cover at $9 or lower by day's end hopefully.
Not a good swing candidate. No strong story either long or short. The stock is very overvalued, but then again there are still greater fools buying. So could go up, could go down. Save your money, IMO.
thank you all for your comments they are greatly appreciated...
its something that i was looking at for some time, but i think ill let this one go... i learned when in doubt, there is no doubt...
I'll see how it plays out by the end of the day. Just looking for a quick pullback now that the NAZ went positive. Cover at $9 or lower by day's end hopefully.
