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Technology Stocks : CYPRESS Semiconductor (CY)
CY 15.320.0%Dec 8 8:10 PM ESTNews

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To: Debt Free who wrote (2655)7/19/2017 7:46:03 PM
From: robert b furman   of 2666
 
Hi debt free,

Watch that macd and rsi.
I think more importantly as cheif says watch the EW wave structure.
I think we have completed a corrective wave and are just now coming out of 2 of 3 down and are now in the early stages of 3 of 3 up.
If so we will have a long ride up and it sounds like it will coincidentally happen with CY's advancing earnings.
Automotive is very strong and they are # 3 in automotive .
The new USB 3 is getting sales revenue.
I have my core position and the puts I sold for the 10's are trading at 25 to 40 cents (sold them at $1.75) and 12's are trading at 70 cents (sold them for 1.40).
I see most brokers calling for $18.00 to $19.00
It looks very good so far.
As chip stocks report -I'm sure CY will ride the tide up.
I'm glad they have the Executive suite pissing contest over with.
Huge waste in money with attorney's and remailing expense.
ALWAYS GOOD TO HEAR FROM YOU.
Bob
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