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Weak results and/or guidance (I, II, III, IV) from SanDisk (SNDK -13.4%), Freescale (FSL -7.9%),...

  • Friday, April 20, 2012, 12:43 PM ET
    Weak results and/or guidance (I, II, III, IV) from SanDisk (SNDK -13.4%), Freescale (FSL -7.9%), Lattice Semi (LSCC -9.4%), and Altera (ALTR -6.5%) is producing a selloff in chip stocks (SOXX -1.2%), which had been rallying on evidence of rebounding demand. Among the hardest hit (aside from the guilty parties): OVTI -3.9%. SWKS -3.9%. MU -3.7%. CRUS -3.1%.
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This news story has 5 comments:

  •  
    thank you for massively overselling tech stocks. You are creating a perfect investment entry point that we haven't seen since October.
    20 Apr 2012, 01:01 PM Reply Like
  •  
    How does this affect SWKS long term? Not sure how to play my SWKS long position from here on out...
    20 Apr 2012, 02:26 PM Reply Like
  •  
    Perhaps just the start of a larger market sell-off for the sell in May and go away effect for 2012.
    20 Apr 2012, 06:52 PM Reply Like
  •  
    Bingo!
    Any sign of weakness and it's "No shares for you until October".
    What's interesting is that if you pulled your money out in late March then you wait for this. As the stocks are smashed to bits, you pick up pieces here and there. Alpha through over-reactions.
    20 Apr 2012, 09:17 PM Reply Like
  •  
    Time to buy OVTI with all those iPads that's being sold in witch OVTI camera goes into everyone of them and future cameras that might go into a smaller iPad and iPhone 5... The earnings probably be a positive move
    21 Apr 2012, 03:05 PM Reply Like
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