I thought we may get a bounce to the 3850 area, maybe another 50 to 100 Naz points, but I lean to think that right here is the end of this rally, I still think that we may yield all the gains of the opening by the end of the day, I already got out of the bu$, and am looking for exit points in few others. I took 10% out of WSTL (out at $16.875 just few minutes back), and slowly aiming at others. Some really bounced much less than I expected (like the four semi equip I got in yesterday), AMAT and INTC are already down, not a good sign.
Zeev
In edit, I just took LRCX off the table, the most anemic, just $1.5, ($23.875) not even 10%.
Reedit, the other three semi-equip just went as well, BRKS at $41-5/8, CYMI at $38.5 and VECO at $72.25, all less then good trades (about $2 each, I was really looking for 10% on each). Now I feel a little more comfortable.
Zeev |
