There is a great deal of optimism on the sector from option players. I think the charts are telling you that expectations for growth are too high and need to come down. The short-term outlook on this sector does not look promising. Apple should be Apple. Right this minute the market is probably coming back because it is lunch time.
Institutional traders get their business taken care of at the open and on the close.
Most of the sellers are gone during lunch. The shares have been moving steadily lower and with the optimism that Ron mentioned earlier on the sector, I would say the shares have farther to go. That is a pig and a stock that was hot two years ago. We'd be viewing most semiconductors as short candidates. That's a sell.