Semis Whole
The news
reaction was mixed Thursday, but for the trader with a penchant for
tech, it was tilted to the good.
Ciena
(
CIEN |
Quote |
Chart |
News |
PowerRating) beat, upped its
guidance, and the stock put on 16%.
At the same time, Schwab
(
SCH |
Quote |
Chart |
News |
PowerRating)
warned, and subtracted 6%, though most other brokers climbed.
The semis, meanwhile,
were made whole for the second day running, with volume far ahead of Wednesday.
In the macro picture of
things, the rapidity of their recovery may be putting some people to sleep, but
you can’t expect much more — nor should you desire much more — in the wake of
such wanton destruction as the segment has witnessed.
The easy-does-it
approach, in the long run, is much healthier for the group, and for tech.
Among the names, AXT
(
AXTI |
Quote |
Chart |
News |
PowerRating) shot to near the top of its eight-month base.
Alliance
Fiber
(
AFOP |
Quote |
Chart |
News |
PowerRating), mentioned favorably Wednesday, slammed out of a three-month
base on thick volume.
Dupont
Photomasks
(
DPMI |
Quote |
Chart |
News |
PowerRating), also mentioned Wednesday, drove out of its deep handle
on vigorous turnover, closing well.
Alza
(
AZA |
Quote |
Chart |
News |
PowerRating) saw volume dwindle for the fifth day as it forms a weeklong pennant.
Cabot
Micro
(
CCMP |
Quote |
Chart |
News |
PowerRating) exploded out of a two-week broadening formation on volume
close to quintuple its average, closing well despite the Naz’s marginal finish.
Chicos
FAS
(
CHCS |
Quote |
Chart |
News |
PowerRating) closed in on the top of a three-month base.
I-Many
(
IMNY |
Quote |
Chart |
News |
PowerRating) screamed out of an eight-day staging area on volume over nine times
normal, closing well, and putting it well up the right side of its cup.
Etcetera: I will be
speaking at the International Online Trading Expo on Tuesday, Feb. 20 from
1:30-3:00 at the New York Marriott Marquis Hotel.