hey, misheldo, I am long AMD since 22-7/16, no derogatory terms allowed on this thread (g). As for SSTI, there is some resistance at $25 or so. If it takes it, the next resistances are $28 and the high at $35. As for CREE, the chart does not look good, it broke the $83 area, but maybe that break is a fake, if we get a relapse (and we should) i think CREE should be available under $80 at least once more, if it breaks todays' low, you may want to stay away except for fast raids.
By the way, I fed my turnips a nice serving of manure, they flank the September 20th low they were predicting, but then, when we were at 3650 or so, they came out and said the bottom will be between 3050 and 3100, but more importantly, yesterday when the darkness was raining, they reversed my panic selling and got me back into "full bull status. My hat off to those turnips, they may not be smart but they got guts (g).
Zeev
irrevolute.iuma.com
In edit, I just jumped into XIRC at 17-11/16. Their earnings come out next Tuesday, and frankly, I do not see them doing less than $.40, I do not understand why they got beaten, but the are now near the level of April of 1999, from which they had a fantastic run. I expect 16.5 to hold like a rock. My stop is just under that. |
