Semiconductor Holders - (SMH)

SMH, 5/16/2007

Howard wants to buy put options on SMH. Me? I will wait and see which way she breaks from this narrow range, which started in mid 2005, before I do anything. Has it been trading in range for that long?

My guess is that semiconductors aren't the technology darlings they once were, maybe its because chips are more of a commodity now.

Disclosure: Long INTC from years back.

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