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Trading Tech: Apple, Citrix, Riverbed, Cree


Stocks that deserve your attention.

Citrix Systems (CTXS): Just yesterday this stock was downgraded. In the interview with Reuters the CFO is calling for a strong second half, though he cited continued sluggish results in the U.S. Virtualization also seems to be gaining steam for them. This will be an interesting development. I'll probably get long CTXS fairly soon and I'm still hoping for something closer to $30 but I'll pay up if I need to.

Riverbed (RVBD): This stock is acting well in an ugly tape today. I've been digesting all the Morgan Stanley (MS) news, so I haven't seen what's moving RVBD and it could be nothing except some value buying.

Cree Inc. (CREE): Sometimes this is an alternative energy play and sometimes a chip play. It's an LED play, which is just sort of a unique but lumpy growth market, though it's in other traditional semi-food-chain products. Anyway, merger rumors are heard once again. Time will tell, but the company is selling at a reasonably price and has a good balance sheet -- the low $20's would get me pretty excited here.

Solar: This sector is fighting the negative tech tape the last couple of days. Eventually the solars won't need spiking oil or a strong Naz to make another significant run.

Nasdaq OMX (NDAQ) and NYSE Euronext (NYX): Ditto yesterday's commentary. Market goes down and so do these. Both are cheap-cheap and new revenue streams are coming online. I've got a leg in both stocks now but giving them wide accumulation berths.

MF Global (MF): If I'm reading this right, MF is forecasting revenues under $400 million now versus expectations around $1.2 billion. Moody's is talking negative on it and MF is issuing paper. MF got into heat with a rogue trader type deal a while back, and the company has its own unique issues, but could this also be a sign that the strength in commodity volumes are eroding rapidly. Are commodity prices next?

Apple (AAPL): Mac sales are simply smoking. iPhone sales are not too shabby either.

Is oil the next bubble?
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Positions in RVBD, NDAQ, NYX, MS.

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