Long technology stocks esp chartered semiconductor
I m calling for buy on chartered semiconductor(csm)
It has been underpeforming the tech-laden nasdaq recently, partly because of intel poor guidance recently. H/w, SMC, europe top semicond comp has kept guidance intact, so there really is no cause for worry. More imptly, oil prices are receding, sti index has break out too, poise for more upward movts. Additionally, my fav technical anlaysis tool, stochastics is also turning upward for that counter.
Plse note that i have vested interest since my csm is my fav stock and has some investment in it. i bought chartered at 1.03 today. it close at 1.05. keeping fingers crossed.

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