ATML - Sector: Technology - Industry: Semiconductors

[JKN]

!!!#%&**!!

I had to take a quick biz trip this week.  I felt the need to set a stop at 3.44 (5% off my buy at 3.62).  It opened yesterday at 3.36 and my position was taken out.  Low was 3.32 yesterday and they take it back up to close at 3.49.  Even a 7% stop loss from 3.62 would have been taken out.  This is the reason I hate to use stops.  This has happened way too often to just be fortuitous.  The vultures never miss an opportunity.  When I don't use stops I have to be a hawk and watch the price all day, when I do use them they seem get taken out, unless the pps has moved well above my buy in.

Frustrating...

[David Randolph]

!!!#%&**!!

I had to take a quick biz trip this week.  I felt the need to set a stop at 3.44 (5% off my buy at 3.62).  It opened yesterday at 3.36 and my position was taken out.  Low was 3.32 yesterday and they take it back up to close at 3.49.  Even a 7% stop loss from 3.62 would have been taken out.  This is the reason I hate to use stops.  This has happened way too often to just be fortuitous.  The vultures never miss an opportunity.  When I don't use stops I have to be a hawk and watch the price all day, when I do use them they seem get taken out, unless the pps has moved well above my buy in.

Frustrating...

I totally agree JKN, I was stopped out at $3.36 too  This is one of the reasons the 3 SOF Fast Portfolio will end, very short term trading is too hard and time demanding for my needs. It doesn't suit my investment style or the majority of our subscribers, I believe.

Trading with a larger time frame allows for some more freedom of movement of the stock around the initial buy price, so one does not get shaken out of the position by short term and intraday volatility.

Good luck the next time 

[Amarens]

That is why I hate them too. Luckely my bank does not allow them for the US stockmarket  and David's way of trading (watch the opening and the close) have made my life so much more relaxing. I like it and follow it  (Thanks David, my family likes me better too  )

Anyway I'm not out of ATML. Believe the whole Japan thing was also of effect on the US like it was on so many other markets the last two days.

I'll continue holding ATML and make a plan hopefully by tomorrow.

Amarens

[JKN]

One of the reasons I like your strategies is that I don't feel the strong need to be a pps hawk.  I belonged to a service before 3SOF that was very time-consuming.  The service provided constant commentary during the day and involved significant intraday trading.  I made some really good $ but I just can't afford the time, unfortunately, I still have to actually work so I can have some $ to invest.

Keep up the good work.  I appreciate your efforts and sharing of your hard-earned knowledge and experience.

PS.  I'm still smarting over GIGM.  I had a GTC buy order at 2.51 on 12/15/05 that never got filled.  It opened at $2.60 on 12/16, closed at $2.93.  The rest is history....another AAAARGH !

[422fwhp]

I'm still holding as well.  I didn't set a stop on this one because I've missed some decent runs recently due to stops being taken out.    Those dern MManipulators.

Jody

[422fwhp]

Oh yeah, here's a chart: 

[Amarens]

Like I said, I'm still holding ATML. I like the fundamentals. Here is my plan. I'll hold as long as ATML is set to close above my ascending TL (see map) which for today stands at $ 3,38, rising $ 0,04 a day.

Good luck to those holding.
Amarens

[Terliso]

Like I said, I'm still holding ATML. I like the fundamentals. Here is my plan. I'll hold as long as ATML is set to close above my ascending TL (see map) which for today stands at $ 3,38, rising $ 0,04 a day.

Good luck to those holding.
Amarens

Applaud for those holding ATML

[Amarens]

Thank you Terlisa, I consider that a big compliment compliment coming from you  .

Still holding the ascending TL stands at $ 3,46 today.

Looks like it is fighting the $ 4,- barrier  .

Amarens

[422fwhp]

Congrats to the holders.

New highs this week?

[Amarens]

I decided to take profit at the last moment on Friday, I decided I was happy with the 12%  and sold at $ 4,06.

I see it's up a little premarket. It really does not matter, I'm happy with what I've got. I did not want to see it go all the way back to my TL and I did not have the time to make a new plan.

Will definetly hope for those still holding it will still go way higher. Tomorrow is the exiting day.

Amarens

[beroznikmal]

Earnings came out today. Is anyone still holding??? the earning and future guidance looked pretty good. I guess  I'll have to see what will happen tomorrow . Possible long term investment.

[422fwhp]

Still holding...but may close today, gotta watch!

From MB:
o Returning profitable with earning that beats estimation by 6 cent with increased revenue
o Continuing improved gross margin
o Reduced debts by $81 million
o Reduced work force by almost 10%

Everyone with the CC said "Congratulations, Guys"
----
Atmel's profit included a $43.1 million arbitration award from a dispute with Swedish mobile telephone maker Ericsson (ERICb.ST: Quote, Profile, Research), a $5.8 million gain on an investment sale, and $7.5 million from an income tax benefit.
---
UPDATE 1-Atmel returns to profitability
Tue Jan 31, 2006 5:21 PM ET
(Recasts, adds details, background)

SAN FRANCISCO, Jan 31 (Reuters) - Atmel Corp. (ATML.O: Quote, Profile, Research) on Tuesday posted a quarterly profit as the maker of microchips for cars, airplanes and communication devices streamlined its business and won a large arbitration award.

UPDATE 1-Atmel returns to profitability 
Atmel returns to quarterly profit 
Atmel said fourth-quarter net profit was $53.8 million, or 11 cents per share, compared with a loss of $7.1 million, or 1 cent per share a year earlier.

Excluding special items, the company had been expected to lose $2.17 million, or 1 cent per share, according to the average forecast of four analysts to Reuters Estimates.

Atmel's profit included a $43.1 million arbitration award from a dispute with Swedish mobile telephone maker Ericsson (ERICb.ST: Quote, Profile, Research), a $5.8 million gain on an investment sale, and $7.5 million from an income tax benefit.

That offset restructuring costs of $28.2 million.

The company did not provide a dollar or per-share profit number excluding all the one-time gains and charges.

Revenue rose 4 percent from a year earlier to $425.2 million, just shy of the average estimate of $428.2 million.

The company also said revenue for its current quarter would be flat to down 2 percent from the fourth quarter, reflecting a seasonal pattern. Gross margins would be between 29 percent and 31 percent.

Atmel's restructuring saw the San Jose, California-based company shed more than 700 jobs, or 8 percent of its workforce, last year as it focused on its microcontroller business and sold a factory in France.

Atmel shares rose 1 percent in extended trading. The stock fell nearly 3 percent to close at $3.95 on Nasdaq.

[beroznikmal]

Still holding, especially after todays performance. There might spme profit taking tomorrow but I think this stock has more room to go.... Wish me luck.
BTW, Is anyone still holding RDCM? still going on strong....
Beroz

[willey]

Hi folks,
Thursday, Feb. 2nd, should see the $SOX break upwards thru 560 on its way to next resistance ( 615, or so )...this'll carry many semis higher & stuff like ATML, CIEN, AMCC, VTSS should all benefit disproportionately...

Dow should slice up thru 11,000 on its way to 11,500, also...

Be careful if you are short anything!
all JMHO, of course...
...good trading...

willey