Well, I am fortunate to be around 50% cash, tomorrow or better yet, next Tuesday might be a good time to redeploy. I'll have to see how we open, but I may be able to do another trip on SCMR (with only half the position since I already committed at $113, and HB, sorry about that $115, you should have told me that INTC will warn) from near $100.
And Tim, as to the wobbly one, once more, you may be right, but even if I am kicked out tomorrow, it is well sheltered due to the profits I took yesterday. WHat worries me most is that this announcement may get INTC under the support of $55, and that will be a major breach not easily "repairable.". Tell me that only now they knew of that and that the decline from $75 was not related in any shape or manner to "special interest" having advance knowledge of this belated announcement (g). Now you see why I listen to the TA much more than the FA.. Luckily, I thought that INTC and AMD should retest their low, so I did bail out yesterday of INTC, now we will see how well that test goes.
3550 on the Naz, here we come....
Zeev |
