So many stock prices were so beaten down, in the short-term there was nowhere left to go but up. That’s what bounce buying is I guess. SIMO was added around about the Christmas Eve masscre, when I did a chunk of my bounce buying. I’ll take the 16% given a modest beat of expectations and… As we have noted in NFTRH, Silicon Motion actually benefits … Continue reading Take SIMO Profit for Same General Reason as AAPL
Ref. 2 Triangles Ascending to Blue Sky, Profits Taken I had a feeling I was hasty on MDT, selling well under the conservative target of 96, but I wanted to put that cash elsewhere (which actually turned out to be a good move) and had a solid profit after holding for a long while. SIMO was sold near enough to its conservative target of 64. … Continue reading 2 Textbook Symmetrical Triangles, Updated: MDT Hits Target Today
I’ve held MDT for months now and given the market view, it is time to raise cash and take the profit. It’s a massive medical device company and that sector, while weakening lately, is per my previous experience in the real economy, a defensive sector. The problem being that the device sector got all momo’d up by Wall Street’s risk ‘on’ Armanis. MDT is one … Continue reading 2 Triangles Ascending to Blue Sky, Profits Taken
Man, they don’t make it easy. Per yesterday’s real-time NFTRH Trade Log: Buy SIMO on pullback toward SMA 50. Reason being said pullback within a daily uptrend, potential for Ascending Triangle breakout and especially, soft demand for NAND Flash (may discuss more in NFTRH 511, as a low priority segment). The thing beat on earnings, disappointed a bit on revenues and this morning gets absolutely … Continue reading Gimme SIMO dat Volatility!
If we back out what we think we may know about the markets and the Semi sector and just look at one stock in a vacuum we see that SIMO is dropping once again to its SMA 50 in a classic stair-stepping uptrend. We NFTRH+’d it when it did this in late April… and here it is again, at another theoretical buy point; which means … Continue reading NFTRH+; A Semi Company Approaches a Technical Buy Area
[edit] aware of my self-congratulatory tone I’ve taken the profit on 40% of the SIMO position, actually bringing it in line with the BBRY position, on which I previously took partial profit. Much like with the tentative GDX short position, my shorts against commodities, financials and small caps are against long positions; two of which are doing really well and I have held (and traded … Continue reading Two Winners; SIMO & BBRY
At least that has been my experience over the last few weeks. SIMO tested the SMA 50, which was noted as a buying opp. in NFTRH+ (with a ‘stop’ below it). Now it’s channel busting up. Yay me! But INTC dropped on the same day (now recovering to re-take the ‘Handle’). I hold both of these Semis. Before that, EW launched on earnings but BABY … Continue reading It’s the 1.5 Steps Forward, 1 Step Back Market
The other day we noted one Medical Device company (EW) giveth while the other (BABY) taketh away. Today we have the Semiconductor sector’s version of that as SIMO giveth and INTC taketh away. SIMO held the key parameter, which was the SMA 50 and its post-January uptrend, and has popped but good after reporting a pleasant surprise to the market. INTC is going the other … Continue reading Company Earnings = Head Spinning
This update is for anyone who has an interest in Silicon Motion, a Taiwan-based semi company that has often appeared in my holdings. It sits there now. At the last earnings release SIMO’s momentum had been lagging due to tightening supplies of NAND chips. Guidance was reduced as a result. More recently, the company guides at the higher end of the previously guided range. Do … Continue reading NFTRH+; a Semi Company on a Technical Buy Setup
Micron Technology had a pleasant surprise for the market and some items in the Semi sector are boosting up on it. Ref. this pump piece by Jim Cramer, including usual suspects (former NFTRH+ ideas AMAT & LRCX) as knock-on beneficiaries. But I am more interested in another of my long-time Semi favorites. That is Silicon Motion (SIMO), a chip maker, not a chip equipment maker … Continue reading NFTRH+; Silicon Motion in the Wake of Micron Technology
We have been watching the Semiconductor index re-take some of its past leadership in the broad US market. Hence, some favored Semi stocks are back on radar, for the short-term at least. Silicon Motion (SIMO) is in a short-term bottoming pattern with clear parameters. This quality company was sold down hard on a combo of a weak Semi index and also China/Asia market problems (Silicon … Continue reading NFTRH+; SIMO
Since the October decline, into which I had some profitable short trades and out of which I had some profitable bull ones, the stock market has gone mostly sideways in what I have called the ‘Swing’ market (swing baby, swing batter!). Within this ongoing jagged whipsaw I had some okay trades and some not okay trades, but more good ones than bad ones. Lately however, … Continue reading 2 Stocks, 1 Kop
Actually, I am fairly bearish and getting more so for reasons that will be reviewed again, in NFTRH this weekend. I am still not a bear however, as this week saw not only an increase in short positioning (short the 3x NDX bull fund TQQQ taken yesterday to go with a SPY short) but also re-buys of favored Semi’s SIMO and LSCC, and also MLNX … Continue reading Semi Bullish
Well, here comes old friend Silicon Motion back down to earth. Apparently news of an acquisition has induced profit taking in this quality Fabless Semiconductor company based in Taiwan. Due your DD on fundamentals. As you will see in NFTRH 340’s opening notes I am very busy for the next month and am depending on you to do your work. I’ll be jumping subjects and … Continue reading NFTRH+; SIMO
