Oops, another typo on my part. I know you're long AMD, I must have gotten ahead of myself when I was typing.
Yep, nailing RMBS and MU near the tops would be a great ride. Their time will come. MU used to suffer dramatic sell-offs, but I think in the past few years (as INTC and TXN bought in), it's become the Godfather's nephew. It's just more or less understood on The Street now that this is a stock that just doesn't get sold off, doesn't suffer any "surprise" downgrades (or any downgrades at all, for that matter), etc.
Look at NSM. It's an unbelievable racket, eh? First you force the specialist to hand you some money, as well as help your position immediately, AND you can take that money and add to the momentum! Every couple of minutes, like clockwork, that ask ticks up whether there's any trading or not. I don't know what their goal is, but in a "forced march" like this, all you can do is sit and watch. But once the objective is achieved, the breaking of the spell will be obvious. |
