and the last hour to 1/2 hour are the worst for this stock - RARE to see this stock firm up in the last hour - RARE for this stock to make a day high in the last hour. The high registered in the first two hours for most part stays as the ceiling. Pattern is to run it up in the morning on 10,000-20,000 shares and then keep #$%$ on it for the rest of the day. Based on my calculation the discount is now 8.2% - thanks to the strong dollar.
S&P, Nasdaq and SMH down for the year - though SMH is relatively down LESS then both SPY / QQQ.
SNDK warnings takes MU with it and are both down double digit YTD so far (-19% / -17% respectively).
Bright spot: SPIL ASX Chipbond and 8150 - ALL up YTD.
Chippy was up for the year a/o Thursday but got it on Friday (possibly because of option expiration) and is now -1% YTD.
Dark spot in OSAT space: AMKR -6% YTD.
December Option expiration close at 22.62 -.74
Day before it was 23.36
Yesterday's close 23.46
$22.5 here I come - and the markets are up - another day in paradise.
The .10 buy of $25 strike calls could be a closing position to free up margin requirement or roll out to next month - it means nothing as OI is over 3,500. Until I see option contract volume swell over 250-500 per strike it is meaningless.
Feels like the $15 million buyback is over.or it matters not in face of SNDK sell off or oil sell off causing slowdown concerns. Revenue numbers does not light a fire for this stock - so we have to wait for earnings report in March. Until then the option writers will hold it close to the strike price. It is having a tough time letting go of the $23 level and climbing over $24 level.
$22.50 strike or $25 strike?
$22.50 OI = 1853
Plenty of chances to bust out of $24 - with a strong market earlier today to overnight 8150 popping up - but Chippy decides to sit out the party. When the market softens a bit - it is quick to melt.
-2.2% plus add the fact that US$ appreciated from NT$ 31 to NT$ 32
so just under $60 million, correct?
Average semi stock on my screen is up between 2.5% to 4.5%
Markets and semi group strong today
Chippy participating but not leading - maybe revenue numbers out tomorrow or Monday may help it bust out of the $24 ceiling and get closer to $25 for option expiration next Friday.
If you read Jaret Wilson's SA article (8/20/13) - management has delivered on all the steps laid out in that article - except #6 now. Audited numbers will be out March 2015 - after that the path clears for share collapse (step #6 in the article).
Today the price action was very encouraging - to see the stock open UP, hold the morning GAP, make a NEW high going into the close and end the day a nickle from its HIGH - when the Nasdaq and semi stocks were soft = relative strength.
8150 runs up and peters by the close. Same story over here. Maybe 2015 - stock gaps up, holds the gains and runs up into the close to new high, maybe. The drip, drip saga continues.
The Merger and effectiveness of the Merger Agreement are subject to the approval of greater than 50% of both ChipMOS Taiwan and ThaiLin shareholders entitled to vote in person or by proxy at the respective special general meetings to be held on December 30, 2014.
Thanks for the good news (+EPS) and bad news (-revenue). Does that mean they will blow past the margin guidance? Maybe crack 26%?
Good for you.
Even on a light and short trading day - someone decides to hit the sell button with about 5k / 5k / 13k - to knock it down.
Makes a high in the morning and peters out by close. Not a sign of accumulation or strong buying. Until I see $24-$25 taken out - its is going to pure FRUSTRATION! It has been my experience that a stock that fails to rally w/ the market or its sector - will get hit badly when the overall tape softens/corrects. The Dow is up over 1000 points in 4 days - Chippy lags so badly - even when it has positive press.
48 c off morning high - over 1/2 the days gains petered. Market was up on Friday and market is up today. Option expiration is out of the way and buyback is in place - so why does Chippy and 8150 melt away the price progress by closing time. Why does it have a consistent holding problem?
If the stock had run up to 24 - the uncovered call writers would have been short the stock and would show up in the open market to buy the stock - just my thought - would have been a nice run up for them to get their hands on some real quantity.