It has been a while since I last posted, probably due to the increase of work I've had, plus i haven't really seen any 'screaming' buys and maybe after the PCLN debacle last month I'm a bit more cautious. I don't normally do it but ASML dropped 8% after blowing away their earnings, the basis was they failed to discuss future bookings beyond the end of 2011. I found this a great opportunity as all analysts were upping their targets to 50, so I said thank-you-very-much to $37.10 and bought. Currently its sitting back at 41+ three trading days later and up a healthy 11% Placing a sell at 42 for today which in all likely hood won't hit today. As the Euro strengthens their cash (which is in EURO) looks better and the share price gets a built in hedge.
TCK is failing over the past 10 days, so its starting to look like an opportunity to rebound a little, but I'm still looking for more direction from the materials sector before I hop back in. IO has risen nicely, look for a .50 fallback tomorrow per its usual trend. If it does, I/m a buyer of the $9 Feb call.
Not much else going on.... good luck!
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