Well, I was unable to watch the market all morning and have to run again. I have just lightened up quite a bit, my main worry is that the Dow has not held 10750, and that may change the scenario drastically, since that would mean that the breakout of the old diamond formation was fake. There is a danger of a major downturn developing, I still have the 3550 as the "Maginot" line, but I am tightening stop losses a lot.
INTC went out at $61.50 just before I started this post. JDSU at $105. APH at $57.125, MVIS at $40.5, EXDS at $62, LRCX at $25 (barely even), the wholly one at $20.125. All these are gains, luckily. XIRC was let go at a loss at $25.125.
That put me at 50% cash roughly. very defensive.
Zeev
In the event we get a real Wack" in the Naz I have put a GTC on QCOM at $68, I probably will not get it, but I got to chose a number when I am not around. I must say that not being in this morning cost me a lot of "disappearing" paper profit, but, c'est la vie... |
