Friday, May 18, 2007

Waiting for today

Today is options expiration and I've been waiting for a short squeeze to push up some stocks.
I am ok with some slight post-earnings pullback, like ATW and HOLX.

I am not happy with a wholesale collapse (CTSH, UCTT, DIGE). The dilemna I face is that they are undervalued imho so it is only a matter of time before they perk up. The question is whether we wait (didn't work with TRID, worked with NTRI, JLG) or sell and come back. With UCTT the pain is so sharp that waiting feels best because the damage is done.

Back for more later today

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