NFTRH+ short idea LRCX (chart below is from the original update) tested my patience royally. As it whipsawed above and below 80 I held it short (and also shorted its Semi Equipment fellows AMAT and MKSI) simply because my fundamental views have done a 180 from what they were in early 2013. I’ll not belabor the reasons as they are already posted, repeatedly. Suffice it … Continue reading Semis Bearish, as Projected; NFTRH+ Short LRCX Finally Cracks
In an NFTRH update we reviewed the newly negative Semiconductor Equipment sector book-to-bill data. After seeing that I checked with a former associate of mine to see what is happening with the ‘boots on the ground’. His manufacturing business is not exclusively Semi-related, but it is a heavy component. For our purposes, it is the Semi commentary that is important… “All is as well as … Continue reading NFTRH+; an NFTRH Update and a Short Trade Setup Against a Major Semi Equipment Co.