$ARMH has been going up and today they have a rumor that $AAPL is looking to buy them. They have around 90% of the semiconductor housing market cornered and are a very very solid company with a $23.92bil market cap and only a 5% short rate, there is little risk in this play today. I am long since 44.00 and just added to my shared at 51.00 . This stock could go up a few points on this $APPL rumor
Look at the patterns of the chart I've drawn
The chart shows the support levels becoming higher and higer towards the close of the market.
This shows the bottom won't fall out quick, thus, low risk on this trade. Holding to see what it does in the morning on this $AAPL rumor.
This also shows my sell points for when it starts to drop
$SIMO Went up over $1/share today. It is in the same article as $ARMH and has been called the hottest semi conductor stock in Silicon Valley right now. Based on it finishing in green the past 2 days. I am expecting one more run up day then I will sell. Looking to make $1-$1.50/ share . With a market cap of $1.09bil. Solid company.(1.06% short rate) . This stock also topped analyst buy points. I will be watching it very close in the morning and only took a small position
The chart below shows where support is, and the pattern that it keeps raising. Giving this trade ow risk based on good news and it being the @hottst Silicon Valley stock."
I will sell around the lower line, as to cut losses quickly.
The top line, could be seen as a dip buy for big investors and it could pop.