Wednesday, October 11, 2006

Looking To Catch Another Wave

SIRF shares have slowly shed more than 20% from their September highs.

I have been hedged on my remaining shares with put options, but yesterday I sold those options. I think the stock has come down plenty, and I am now looking to build back up my long exposure.

I think the quarter and outlook should be okay, but if investors overreact to the earnings report again, I will look to use the weakness to build my long position.

long SIRF


Post a Comment

<< Home