Holding shorts....added bunch of AMAT....
Velo, remember Jan. 3rd (day of surprise Fed cut?)...well, right after that, the big boys took the move all the way back...in order to get in (they got surprised by it)....I got a feeling that some big boys got surprised by this move, and, even if it is for real, they'll pull it back....just so they can jump on board.....create a nice double bottom, yada yada...
So, even if we aren't going to get capitulation soon...perhaps this can be a very profitable trade anyway...
Man, I can spin anything, eh.....Only got beat up on the QQQs and CHKP today...but only 20% of port.....CIEN finished flat, and squeaked a gain on AMAT (I think, gotta check)....
Thanks for the great work today....see ya' tomorrow....our turn date? |
