SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Stock Attack II - A Complete Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Gersh Avery who wrote (109)2/13/2001 7:42:55 AM
From: Lee Lichterman III  Read Replies (1) of 52237
 
Interesting. I can't seem to find forks to fit the major indexes other than the DOW right now and have fallen back on using fib retrace lines.

Probably a dumb move but I closed out my hedges on yesterday's dip and am exposed long right now. I have one hedge left that I hope to close out today.

I am a bit concerned that so many supports are failing but feel we are just too short term over sold and due for a pop. I am "hoping" the max pain levels will help a bit also. Hey, if I am wrong, it only takes a second to buy puts. <ggg> I may hedge back to neutral by today's close though since AMAT reports tonight and I don't see how they can be very bullish. Have you priced DRAM lately? The fabs have to be getting killed which tells me there won't be much cash to buy new equipment any time soon.

I am starting to look at Healthcare and Railways as short candidates. Some of these like AHP, ABT, UNP and KSU look extended to me. Heck if I know for sure though.

Good Luck,

Lee
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext