DRAM index keeps falling, and I think MU double bottoms. Not really a Motley Fool fan, but this is a good article:
www.fool.com/investi...ing-off-a-cliff.aspx
Guidance will suck (like SMTC). That may be what causes the market to dip next week, along with the Fed. Also watch for FedEx earnings (though their issue is mainly costs, not revenue).
Should have bought some puts this morning, but I'm expecting a rally Fri and possibly Monday.
www.fool.com/investi...ing-off-a-cliff.aspx
Guidance will suck (like SMTC). That may be what causes the market to dip next week, along with the Fed. Also watch for FedEx earnings (though their issue is mainly costs, not revenue).
Should have bought some puts this morning, but I'm expecting a rally Fri and possibly Monday.
Comment:
Like I said yesterday, Friday rally. Chip stocks up big today, looks like a short squeeze, there's no compelling reason to buy chips right now.
Trade active:
Rolled into a few puts, I think the rally is over today. I think this pre-tanks before earnings 3/20 after close. Will flip the puts if it drops in anticipation.
Comment:
Damn it, options expiration today, they had to wipe out all of the $39.5 calls and puts. Would have thought they'd go after $39, should have checked first.
Trade closed manually:
DRAM index up today, flipped the puts for a small loss at open. Will look at this Wed, and decide if I want to short the earnings.