The NASDAQ's sharp gap down off of the open, was a pretty good signal that this was going to be a bearish session. I quickly reviewed my short list of weak stocks and decided to short LRCX. Semiconductors were hit hard today on a SNDK downgrade and news that INTC would cut fewer jobs than expected. In AH trade, ATYT guided below consensus resulting in more bleeding for AMD and NVDA (sympathy).
Wednesday, September 06, 2006
Trade of the Day - Lam Research Corp NASDAQ (LRCX)
The NASDAQ's sharp gap down off of the open, was a pretty good signal that this was going to be a bearish session. I quickly reviewed my short list of weak stocks and decided to short LRCX. Semiconductors were hit hard today on a SNDK downgrade and news that INTC would cut fewer jobs than expected. In AH trade, ATYT guided below consensus resulting in more bleeding for AMD and NVDA (sympathy).
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