Wednesday, December 5, 2007
One of our Santa Rally vehicles... QLGC
Here is a chart of Qlogic looking pretty good. I own this guy along w/ TXN, CCMP & Mr. Softie as my semi/tech stocks per the articles below identifying the potential bottom in semi's and techs while the bull horns - or should I say bear horns - were blaring. I have not yet decided whether this represents a longer term opportunity or just some Santa relief. One writer (can't remember who but he is bearish) mentioned that a lot of writers will likely come out touting that they called the bottom. Here on this blog, we did. But I will not make a big deal out of it or go writing an article touting the call because I am the guy that was looking for an airline rally a while back, about 20% north of here (I still am btw ;-). Also, Santa's sleigh could hit a nasty ice patch at any moment given the very real problems out there in the financial sphere.