Being long (just for the morning action). Even though the NDX closed higher than my 10:45 window, the RUT closed lower by 4pm so the combination of the two indexes yielded more profit for me in the morning than at 4pm. That was a good trade worth about 1.5%.
CBST - Had good earnings after the [...]

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I cashed in the SMH calls for 38% profit as I saw the market coming down and didn’t want to chance losing anymore profits on the trade. You can take this as a sign that the SMH will probably be going up another 2 bucks. I always sell these type of trades way too early. [...]

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Buying long this morning. The profit was minimal by the time the close rolled around, but profit is profit.  I added to those index longs at the close and it looks like its going to be a good trade based on the way INTC and YHOO are trading afterhours.
My SMH call options are probably going [...]

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This should be good for my SMH calls considering Intel is the largest holding for the etf.
I also forgot to mention that I added to the index longs I bought this morning.

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We’re gonna see if all my bs analysis and overthinking in the Semis works out. Bought Nov 37.5 out of the money calls ahead of INTC numbers tonight after the bell. In at .64. There is heavyish volume again in this strike today. The Nov 35 puts though are really seeing tremendous volume and I [...]

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I mentioned on Friday that I took profits. With the big money I had no trade on the table. Sitting in cash is what worked today. My stocks got pummeled though so that sucked.
CBST - That trade worked today. Made a little bit today. They report Wednesday.
I thought it was very interesting how bad of [...]

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Sold the SMH calls I bought Friday. I took a 28% gain on the trade. I know there is more room on the upside and I’m having seller’s regret as we speak.
A couple stocks I’m scouting today are:
ALKS, MDT (again), ID, MCZ, GBN, and maybe MALL.

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I bought call options in SMH today because I think the SMH might pop next week yielding some short term profit.
1. The charts.

Now the weekly SMH chart:

If we get back to the $40 highs I’ll be ecstatic, but I’m only looking for a $1 move higher for right now.
2. I noticed some decent buying in [...]

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I wanted to add based on the mentions in this post, that semiconductor manafacturer, KLAC, looks good here. Specifically the chart :).

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Still have the SMH calls. I sorta lost out on that big 27% morning action, but I’m betting I’ll get a little more tomorrow. Both beta and my system has the SMH on buy signals and the SOX looks good too. I can see 1 more day. If we don’t move higher tomorrow, it could [...]

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SMH is on a buy on the beta system.

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