$iShares Semiconductor ETF(SOXX.US)ContextThe iShares Semiconductor ETF holds US listed chip companies. Chip stocks sold…
$iShares Semiconductor ETF(SOXX.US)
Context
The iShares Semiconductor ETF holds US listed chip companies. Chip stocks sold off last week after Intel's weak outlook raised doubts about chip demand and the ETF is now well below its recent high.
My trade
I traded small lots in and out, then added another after the pullback.
Takeaway
This is still a trade more than a long term holding since many of its companies look overvalued to me. Small size keeps the drop manageable.
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