jim, careful, you keep harassing the shorts in our midst and bring the stock down, I now have a target of $87 on the bu$$, and if that does not hold, I can easily "see" the mid $60' again, at which point, I assume that happy Henry will indeed be happy. We did not even reach the real resistance at $97 on the last move, and the volume is dying a slow death, it is not RDRAM which is "dead, dead, dead,", currently, it is the volume, and without volume the current price will not be sustained, IMTO.
I always said, love your neighboring shorts, he provides buying at support areas, and when the squeeze is on, the less nimble, provide emergency buying. You just got to learn when to buy from the shorts and when to sell to them. You must admit , a stock that within a month or two can go from $60 to $130 and back has room for both shorts and longs, it does not have much room for "buy and hold".
Oh, if there was any question, I am now flat and off the bu$$, but I promise, I'll be back.
Zeev |
