Algokid

PAIR TRADE ( SEMI CONDUCTORS - INTEGRATED CIRCUITS)

NASDAQ:POWI   Power Integrations, Inc
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2
CORRELATION : 78 %
CO - INTEGRATION : .99 (excellent)

LONG POWI @ : 34.16
SHORT UMC @ : 2.31

unfortunately I wont be able to place this trade as my broker doesn't have enough shares in the short inventory. Oh well.

Comments

closing this pair with a small profit.

selling POWI@ 38.58 ,for a profit
covering UMV@ 2.56 ,for a loss

for a total net profit
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and the stock is below $5 too
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