may be a good sing. I write a lot of covered calls on SWKS and other stocks. Weekly ones are great because you can write them out of the money a decent amount and still collect some nice change without losing your stock. This weeks look like rich premiums. Maybe strong earnings are expected. Last quote on a 99 strike was 1.30 to 1.60 That's a lot for a weekly call with the stock near $6 out of the mony
directpresser I recently said I felt the semis were topping and everyone jumped all over me a being negative. Nothing goes straight up. It all depends on your time frame etc as to what you want to own and hold long term. if QCOM had come out with strong news we wouldn't be talking about any of this but counting our profits. Oh well. Let's see what Apple does to the sector
yes that's why the last two days seemed so bad. I have a diversified portfolio but on Wednesday I was up $111K for the week Mon-Wed. Then on Thursday the semis started getting hit and by the close of Friday the semis in my portfolio took me all the way down to even for the week. That's why i was bummed and became somewhat negative on things. The reversal was just too quick.
I never saw it did anyone else
Only saving grace I was up $80K this week going into today. It all just fell apart today. Have a great weekend guys. Looking forward to some great posts.
but maybe some buying coming into these names.
I can't figure out what's going on with so many semis. Absolutely hammered. Why?? TXN, QCOm are stock specific problems IMO. I believe it's manipulation to steal shares. No reason these stocks should be getting hit this hard
from the quotes. Averages are up but chips all over the place getting crushed
I meant yesterday when I was wondering if the horsemen and other chip stocks had hit a crossroads. I am hoping this is just a nice flush to pick up cheap shares before Apple next week
number of tech stock especially chips. Many stocks have no relation to earnings news that has come out but they are just dumping them. Too late to sell anything now IMO. Just have to gut it out and when companies report their own numbers things change. Pretty sucky couple of days after first part of week was looking very good