Consumer sentiment is dropping and with fiscal uncertainty (no matter we get a temp deal or not), should affect consumer semiconductor sector sales in the near future. Networking semi stocks might still do a little better like Altera and Xilinx. I expect the following stocks to underperform the market in january: ADI, TXN, LLTC, INTC, AMD, NVDA, ... If you want to short the ETF, you can do it by shorting SMH. My highest convitcion stock to short in this sector is ADI.
Time: 10:10 Monday 12/31/12 Market is rallying and SMH shows strong weakness. I am adding to my ADI short.
Keep puching. I still believe SMH and specifically consumer semi will go lower. Check out SMH and ADI today.
I expect ADI to drop more today. Current price is 42.43 (Time 10:04). It has alreadydropped 0.58%). Lots of room to go down. Can easily go to $39 in a couple of weeks.
Good morning. It is Wednesday 9:46 AM. SMH is up 0.88% and ADI just dipped below $42 (down 0.5%). Target is $39 in a month.
LLTC had a bleak outlook yesterday. INTC had the same outlook. Short ADI, TXN , MRVL. My top pick is ADI. What I predicted is getting confirmed by companies in their quarterly outlooks. http://www.marketwatch.com/story/in...et-but-outlook-weak-2013-01-17?dist=afterbell
Yesterday TXN also had a lackluster result and the shares dropped AH. As I said networking semi stocks are still doing relatively good such as ALTR, CSCO, IBM, XLNX. ADI will report on Mid Feb. I predict another lackluster result based on their last Q outlook for this quarter.