June 2nd, 2008
CNBC Bonus Bucks Trivia: On Friday, Rebecca Darst said options traders are looking at chips. What reason(s) did she cite?
On Friday, Rebecca Darst said options traders are looking at chips. What reason(s) did she cite?
Here’s the video. It seems to me like she mentions Infineon’s (IFX) guidance cut, a recent Barron’s article and TI’s (TXN - Annual Report) lukewarm share price. In other words, all of the above.
Infineon doesn’t show up on my screens and Texas Instruments ranks pretty neutrally. I personally think the semiconductor industry should do well, and own the Semiconductor HOLDRs (SMH) and Maxim Integrated Products (MXIM.PK) - though the latter position is a little stub spun out from the SMH when the company was delisted.
Disclosure: William Trent has a long position in SMH.
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