Stock Attack II - A Complete Analysis Message Board

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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: JRI who wrote (1999)	3/5/2001 5:22:00 PM
From: Jacob Snyder	Read Replies (1) of 52237

I'm shorting AMAT in the 48-52 range, stop-loss at 55, cover in the 44-40 range. Also thinking of shorting TXN at 35.5, stop-loss at 37, cover at 29. These are to balance my (larger) long tech positions. If the SOX touches 515 again, and bounces again, I may look for a semi to go long in. If we break below 515, I'm going to find some more semis to short. I've decided this is a traders market for at least the next several months. I'm not going to go back to LTB&H until July at the earliest, when the Fed rate cuts might possibly begin to prop up demand. Until then, I really can't see any good news for any tech stocks, important enough to move them up (out of their trading ranges). So, until then, we're "safe" from any upside surprises. The choices are: horizontal in a volatile trading range, or break down sharply to new lows.

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