Both stocks pretty much at 52 week highs now. TXN is at a key resistance level but I wouldn't be in a rush to counter the market yet in this sector. My posted targets were : TXN - $32, RIMM - $60, INTC - $23 TXN and RIMM pretty much made the targets already and INTC has a slow and steady ascent ongoing with tons of positive news on it. At this point, I'd sell TXN to flat ( recommended at $31.50 ) but I still like the other two. Meanwhile still tons of bears on here questioning valuations etc and expecting crashes ( although more quietly lately ). Here's the rub though. Some of these technology stocks are undervalued using normal fundamental measures. TXN I agree the rapid rise its moving into a more fully valued situation. Only now would I consider your TXN viewpoint starts to get some merit due to technical reasons. Its pretty clear if you thought TXN was a short at $26 and a great "can't miss" short at $29 that it might be a real good short at $32 if you believe the market will eventually correct. I'd rather be flat though.