Category Archives: Sectors

Semi Equipment Spending Record, 2018 Growth, But…

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What got me checking into the SEMI data is a goofy MarketWatch article featuring a fund manager who owns the FAANG type stocks at 30 multiples, but has found relative value in AMAT and LRCX, the two Semiconductor Equipment stocks that I was bullish on 1.5 years ago. I know, I know… I sold too soon and that is my issue and I have to own it. But the point is that it was hard to buy then, unlike now.
amat, lrcx (more…)

Auto Parts Retailers

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Well, I retract my “God is Dead” statement from yesterday’s post, because there’s no doubt God reads the Slope of Hope (he doesn’t have an account for comments, but if he did, I promise I’d give him a 5-star account). He decided to throw a lightning bolt at BWLD, and ouch, that hurt. So let’s turn our attention elsewhere.

Auto parts retailers have been extremely strong for months, recovering from a severe drop. I don’t think it’s time yet, but we’re getting close to important resistance.

1115-ORLY

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Auto Parts Weirdness

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One of the stranger trading moments last week was when O’Reilly Auto Parts announced their earnings after hours. I was short the stock (I have written about it many times), and the stock plunged from the lower 200s down to the upper 180s. “Yow-Hoo!” thought I. The stock kept getting battered lower, and when it opened the next morning, it was down hard.

I tightened up my stop quite a bit, but never thought it would get hit. When I came back to my screen a little later, my stop had been taking out, and the stock had gone from being down huge to being up huge. I could hardly believe my eyes. Thanks to my stop, I got out with a nice profit, but it was much “nicer” before.

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