Devin just look at percentage gainers for last week. I am currently short AMCC, TXN, RIMM, QLGC, and TQNT. I have several bio's long MLNM, MYGN, HGSI, and CORVIS. I will look to sell longs into any strength monday and add to my shorts.
I believe april -June will be very bad for nasd as Europe falls in line with us. I think SOX must get to 1995 levels before nasd recovers. I will short MU, Lam research, OPWV, and RFMD on any strength.
Remember NASD was at 500 in 95, and we are currently in worse fundamentals then then so 1900 is insanly too high. Watch what happens over the next 12 weeks! |
