Integrated Silicon Solution (ISSI)

Company

"ISSI is a fabless semiconductor company that designs and markets high performance integrated circuits for the following key markets: (i) digital consumer electronics, (ii) networking, (iii) mobile communications, (iv) automotive electronics, (v) industrial. The Company's primary products are high speed and low power SRAM and low and medium density DRAM. Through its Giantec business unit, the Company also designs and markets EEPROM, SmartCards and analog power management devices focused on its key markets. ISSI is headquartered in Silicon Valley with worldwide offices in Taiwan, China, Europe, Hong Kong, India, Korea, Singapore, and Japan." (company website)

issi(1-1)
ISSI 4-month chart
issi(1-1)_1yr
ISSI 1-year chart

Buy

17 March 2010. Buy 500 at $7.80.

Truth is, I didn't mean to buy this lot of ISSI. I was holding a short position that I wanted to cover quickly because ISSI was surging, and somehow TD Ameritrade's software let me buy instead of buy to cover (normally it won't let you hold a short and long position in the same stock at the same time). Since the surge has continued, it may turn out to be a good thing, but the experience is a bit disconcerting.

  • Percentage price oscillator (PPO) — below the signal line but converging back sharply
  • Volume — recent surge accompanied by volume

Based on technical analysis, MarketEdge calls ISSI a "hold" with "mildly deteriorating conditions" that may signal a "possible trend reversal."

Sell

gain Bottom line
2%

18 March 2010. Sell 500 at $8.00.

Noticing that I had forgotten to complete the entry for this trade, I looked up the current (4/30/2010) price of ISSI— it closed yesterday at $12.33 having reached nearly $14 a couple of days before. Looks like this was a case of premature ejection.