Back In The Saddle

That was a nice, long weekend; one of the longest I've taken in a while. But it's time to get back to business and capitalize on what I think should be a strong Q4.

Oil and gas prices are down again today, but the energy stocks are mixed. The big news in the oil patch is a significant oil discovery by CVX that should add to supply over the next 5 years.

Bond yields are up slightly to 4.77%, but still well below the fed funds rate (5.25%).

European stock markets are mostly all lower today.

In U.S. news:

• QCOM wints the first round of its suit against BRCM
• Amtech says they would sell GRMN, due to increasing competition
• Amtech says get into AAPL, as new cell phone could revolutionize industry
• Cowen says chip correction over, best ideas are MRVL, BRCM, SIRF, & PMCS

I have some catching up to do on posts from late last week. Should be a busy day.

long AAPL, QCOM; net short GRMN, SIRF