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July 18, 2007


Stock Du Jour (SMH) & Random Observations

Nice day of buying, nothing spectacular, just solid.

Notable New Lows: Bunch of “Bancorps,” Nautilus (NLS), Beazer (BZH), Circuit City (CC), and the long-suffering UltraShort QQQ (QID).

Notable New Highs: Bunch of Semiconductors (INTC, AMAT, KLAC, LRCX, ALTR, ASML) best represented by the Semi HOLDR (SMH); General Electric (GE); and Bank of NY (BNY).

I’ll feature a monthly chart of the Semiconductor HOLDR (SMH) for some perspective on this 52-week high.

SMH

This entry was posted on Wednesday, July 18th, 2007 at 8:51 am (utc+8) and is filed under Trading and Investing.

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