Any thoughts...Biff

XLNX Looking at shorting this one into earings too

Semiconductors

Stock Quote XLNX

iSuppli now expects unit shipments of 1G and 2G mobile handsets to drop more substantially in 2009 than previously thought. Shipments will fall by approximately 14% compared to an earlier forecast of a 1% decline. Desktop PC shipments are expected to decline by about 5% in 2009 compared to 2% growth expected before. Mobile PCs remain somewhat of a bright spot. although the forecast increase of 15% has been pulled back from prior expectations of a 25% jump.

DALIY Chart PPG - SharpCharts from StockCharts.com
WEEKLY Chart PPG - SharpCharts from StockCharts.com
Looking to Short PPG into Earning on Jan 16th
I am about 95% sure on a Shorting PPG into Earnings.
PPG to Announce Fourth Quarter 2008 Results Jan. 16
Looking for a good time early next week to buy in around the Weekly High
Why….Conglomerates have been getting killed for the last 2 Earnings……
PPG Industries, Inc. manufactures coatings, glass, and chemical products. Its Performance Coatings segment produces coatings products for automotive/fleet repair and refurbishing; light industrial coatings; specialty coatings for signs; and supplies sealants, coatings, paint strippers, technical cleaners, transparent armor, and transparencies for aircraft industry…
They also have business in the auto industries
Most all Conglomerates are restating next year’s earnings during Fourth Quarter Earnings
THE PLAY
IN…..43.00 to 46.00…..
OUT….39.00 to 38.00
Stop Out……(.50 to 1.00 above IN)
Looking for a …3.00 to 7.00 dollar move
I am look to Play Puts on PPG
PPGNG.X: Summary for PPG Feb 2009 35.0000 put - Yahoo! Finance
Browsing at FEB 35.00 and 40.00 Strikes
Any thoughts or cautions on a SHORT into PPG Earnings next week
Thanks Guys Biff