<font color=green>Harry
I liked your post so much I am posting it on the old thread.
ted
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Abruner Re..<<<<You're right, though I'm curious how deep the fall will be in the first place. <<<<<
Abruner, If I knew that I would be so rich I could tell all of you to kiss my petut. The fact that I am not should tell you something. This advice is only worth the paper it is printed on,( I am assuming you have a cheap monitor) That said and niceguys TA notwithstanding, consider this. Your charts show AMD in a trading range of $72 to 92 but the tops are getting lower (we hit $94 and 97 in early june, but have only hit 92 since.) and the bottom lower or about even depending on how far you go back. TA includes altitude (tops and Bottom) but not attitude; i.e. market sentiment. Since the time the recent high and lows were set, the market sentiment has changed toward the techs. The rumors of impending price wars and flash surpluses,(because Nok,Ericy, and Mot reported problems with handsets.) could very well drive the price below current prices to a new trading range until good news happens.
That said, tomorrow the price just may go up. In a earlier post, you stated that you were 1/3 AMD, the rest cash; and with all of the volatility lately, probably a good place to be. I normally am fully invested, because I am poor, and I invest the margins on the dips, with tight stops under the margin part; like a swing trader. Tomorrows opening, without any bad news, will tell a lot about the market sentiment, and I probably will go further into cash if I feel market is going down to March levels or will rebound. There is a market saying that you are better off preserving gains than trying to make new gains. In other words, in times of high risk, be conservative,take profits, and use stops to prevent disaster. |
