TRID

Ramsburg · August 30, 2006, 01:47:48 AM

Profile: Trident Microsystems, Inc. engages in the design, development, and marketing of integrated circuits for digital media applications, such as digital television, liquid crystal display television, and digital set-top boxes. Its products include video decoding, format conversion, MPEG2 decoding, and image enhancement processors. The company serves the personal computer and consumer television markets. It markets its products through direct sales force, independent sales representatives, and distributors worldwide. Trident Microsystems was founded in 1987 by Frank C. Lin and is headquartered in Sunnyvale, Califórnia
Website: http://www.tridentmicro.com/
Market Cap: 1.17B

Trading Idea:
Semi Conductors are getting hot, and TRID has been moving ahead of the sector showing relative strength and plenty of upside potential. The company fundamentals are improving as the company posted interesting guidance last quarter; also the HDTV demand is growing steadily and TRID is a top player for this market and other top demanded high tech chips.

Revenues Trend:

Earnings Trend:

TRID was severely punished in recent months, dropping from the $31 in April to $15 in July, the stock is now rebounding from the lows, during the last 2 weeks TRID consolidated the recent gains and yesterday had another breakout. Volume was not significant yet but TRID is now building momentum, and the current chart configuration suggests continuation.

Short Term Chart:

Long Term Chart:

At this point we want to hold TRID on the 3SOF Portfolio as we expect a nice price development soon.

Trading Plan:
Buy TRID at or near the open a stop will be added on the next update.

Regards,

Ramsburg · August 31, 2006, 09:59:05 PM

Update:
Nice start for our first day on this position, followed by a correctional move today. Today's drop was inflected by the general behaviour on the sector; the SOX Index has a very similar pattern, so I see today's selling has a consolidation move or an attempt to retest the recent breakout level, no damage has been inflected to this chart pattern yet.
We expect this to be a bigger swing to the upside, but we are not taking a big risk as we'll set a tight stop on this position, so the trading plan for now is:

Trading Plan:
Hold TRID with a stop @ $19.50

Regards,

Ramsburg · September 04, 2006, 09:56:45 PM

Update:
TRID was able to go up last Friday while the SOX index was down, this shows some relative strength here, volume was nice and TRID's technical pattern is looking solid. Lets keep the same plan:

Trading Plan:
Hold TRID with a stop @ $19.50

Regards,

Ramsburg · September 06, 2006, 07:25:26 AM

Update:
TRID just made a new short term high, breaking out a 3 days consolidation range. The chart looks really bullish; but the current ascending support is probably too pushed to prevail. We'll be looking forward for developments on this position.

Trading Plan:
Hold TRID with a stop @ $19.50

Regards,

Ramsburg · September 10, 2006, 10:19:35 PM

Update:
TRID just broke the short term ascending support line, and is now testing the breakout level near $20.00. We expect TRID to hold above $20 and return to its ascending route, till then the plan will be the same:

Trading Plan:
Hold TRID with a stop @ $19.50

Regards,

dcrlin · September 11, 2006, 10:41:08 AM

The low was $19.43 this morning. Did 3SOF stop out? Thanks.

Ramsburg · September 11, 2006, 01:03:55 PM

Quote from: dcrlin on September 11, 2006, 10:41:08 AM
The low was $19.43 this morning. Did 3SOF stop out? Thanks.

Hi dcrlin,

Yes, our stop was placed @ $19.50.

shawFund · September 12, 2006, 08:25:57 PM

TRID will test year high of $30 in short period of time.

Ramsburg · September 12, 2006, 10:56:03 PM

Quote from: shawFund on September 12, 2006, 08:25:57 PM
TRID will test year high of $30 in short period of time.

Yes, I agree Shawfund.

Unfortunately we were stopped last Monday @ $19.50 for the 3SOF Portfolio during that strange intraday sell off.... On my personal account I'm still holding TRID, and I see the current setup as «very bullish». By so we'll be adding TRID again.

Update:
We'll Buy TRID again for the 3SOF Portfolio tomorrow during the morning.

Ramsburg · September 15, 2006, 01:19:33 AM

Update:
TRID just had another breakout to new relative highs.

Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)

Regards,

Ramsburg · September 18, 2006, 12:56:08 AM

Update:
TRID made new relative highs last Friday above $24, but closed the session in negative territory. Probably TRID will have another consolidation range between $22 and $24 before it has the necessary strength to continue this rally.

Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)

Regards,

Ramsburg · September 21, 2006, 07:23:36 AM

Update:
After trading above $25.00 last Monday, TRID had some kind of short term exhaustion and is correcting a bit now. We believe there is no reason to concern, this is a normal trading behaviour taking in consideration TRID's last moves. $22.00 should provide support (top of last range), but we expect price to move up at any moment following the market's current momentum.

Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)

Regards,

Ramsburg · September 26, 2006, 12:35:11 AM

Update:
The $22.00 support seems to have worked, giving a nice positive reaction to TRID's chart. This stock is trading according to its ascending pattern, we'll keep holding it for now.

Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)

Regards,

Ramsburg · October 02, 2006, 07:27:42 AM

Update:
No special price developments here, TRID is still trading inside its bullish pattern, we'll keep holding it.

Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)

Regards,

Ramsburg · October 05, 2006, 12:18:52 AM

Update:
TRID stock price was down during the first days of this week affected due to the non compliance with the Nasdaq rules (being late with their fillings) and the warning they received from the Exchange.
Yesterday, and after a weak open, the stock started to move on the right direction, showing strong signs of recovery and reacting on its ascending support, TRID closed near the highs of the day with a nice white candle.

Trading Plan:
Hold TRID
(We'll not be setting an automatic stop for this position yet, although the suggested stop price would be near $20.00)

Regards,

News:

TRID