Semiconductor Holders - (SMH)

• 1 min read

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.


Neural Market Trends © email