Wednesday, February 17, 2010

Bookeeping: Adding to Skyworks Solutions (SWKS)

Skyworks Solutions (SWKS) is potentially breaking out of an intermediate sideways base.  Buying near some key support areas like this we have very easily seen stop loss areas just below - or we can choose recent lows i.e. $13-13.25 area if we want to give it more leeway.  Adding a 1% exposure in the $14.20s - if the market takes off there should be no resistance until mid January highs in the mid $15s (9% higher). Peer TriQuint Semiconductor (TQNT) is also looking quite nice on the chart - waiting for that one to make new 2010 highs before adding.  Technology seems to be an area of strength as I look through the charts - ironic, considering it was perhaps the worst sector in January 2010.  How quickly HAL9000 changes his mind.

Long both names mentioned in fund; no personal position

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