DIOD VALUE PLAY!!

After reporting RECORD 3rd quarter earnings, Diodes Incorporated (DIOD) shares TANKED. The stock finished the day yesterday down $2.99 to a close of $41.05. This morning the stock continued its sell off and by 10:30 AM the stock was down all the way below $38, or over 3 points, or over 8%!! I am sorry but DIOD is a sick value play!!

I bought a sizable position at $38.10, and currently over the last 10 minutes the stock has up run up all the way to the $38.90s (or about 2.5%). There are three ways to play this stock:

Buy now and hold to see where it closes on the day. The MAJOR MAJOR technical support is the 200 day moving average, which is at $38.70ish and is what we just passed about 6.5 minutes ago. If it closes above the 200 MA or close to $40, we may see a push towards $40 or above tomorrow.
Wait till the close and see where the stock ends up. Based on the intra-day price swings and support of the 200 MA, you can take a position late today or early tomorrow on expectation of an up swing.
Buy now and hold until year’s end.

Happy Hunting!

-- Posted by Blain Reinkensmeyer on November 2, 2006 at 11:46 am --