wow another great post, I'm wondering if you are one of the many voices running around in smrt_inbred head?
don't miss the exit, cus you don't "make" jack if you don't sell. OR Get a 125 on the house and go all in on the margin account...
this is people chasing trailing data. the whole industry had a good quarter...last quarter. The whole industry has been seeing book to bill flatten in the last 4-6 weeks. as the triple and double booked orders get canceled.
the one saving grace could be the election...if it's truly a sweep and everyone runs out to buy for the holiday's the pull back won't be so dramatic. on the other hand is consumer spending doesn't pick up it's not going to be nice in the semis.
I wouldnt buy here, but I am holding. There are big blocks 250K plus going through this morning that can only be short covering. Institutions arent dumb enough to buy when it's spiking after earnings. Why would you let them off the hook? They have a lot more to cover. There's a floor under the stock right now. Do you think they want to hold this long term with a 4% dividend when they guided up next Q?