We are at a very critical junction in the market, and VSH chart is broken. The last two DCB I have tried (RMBS and LSI are not working, so I am not going to go on this one. VSH is surely becoming a "value" stock here, but the chart stinks to high heaven, it may take quite some time to repair. I for one started to prune my "exposure" a little, I sold RMBS at $71.5 for a loss of more than a buck per share, not too bad, but not too good. I also got out of BRKS near the open, a very big loss, but capital preservation is now the rule.
SSTI got out at $69, a big loss, I may reenter if it holds $65 convincinglt (meaning I'll have to pay more than $69 (g).) TFS went out at $27, a loss of 10%, AVX at $24.125, a loss of 10%, SCMR at $130.125, a loss of $9, QLGC out at $75, giving up 50% of the gains on this one in the last month. Few more may get kicked out if we do not hold the 3865 area. I am now at 40% cash, careful, but that is better than sorry.
Zeev
Zeev |
