March 28, 2007, 9:28 am Semi Short Interest At Record High; Itâs Future Rally Fuel Short interest in semiconductor stocks in March jumped 9.5% from February, Merrill Lynch chip analyst Joe Osha noted in a research brief this morning. The total short interest in the sector has now tops the previous record, set in July 2003. Osha notes that the previous peak came exactly at a bottom in industry unit growth. Osha thinks this time unit growth should bottom in March or April. âWe may be wrong by a month or two, but not more than that,â he writes. âBy the time company managements start admitting that business improving, unwinding the all-time high short position in our coverage universe is likely to drive a substantial move up in the SOX.â Biggest chip sector sequential short-interest increases: Xilinx (XLNX) +108% Intersil (ISIL) +56% Monolithic Power (MPWR) +38% Altera (ALTR) +36%
I got served??? arent you the biggest bull out of the entire elite forum. How many times did I tell you that my portfolio is set up for a bear market and that when I take long trades they are swing trades for a few days to 2 weeks at max. Even with that trade turned sour my portfolio is still bright greeeeeen.
See what happens when semi short interest soared... those freakin' idiots... Big b/o today for the sector. I'm not as involved as I should be. Will probably have to have a sit down with the hedge fund about positioning. Internals very bad in other sectors. Pair trades look like a good bet here. Long Nazdog shrt DOW? or Long semi's shrt Retail, something like that...... ~ stoney