....as I have shorted GOTO 6 times from 15.0, 16.5, 17.9, 19.9, 21.5, 23.0 and lost money on all of them.
Dai, congrats on the KOPN trade and thanks for posting that info on GOTO.
To all: If it has not yet become painfully obvious, stocks trading is cyclical and even "bad" companies can get swept up in the wake of positive sentiment. The book to bill ratio was weak, and this could and should put pressure on SOX. The question(s) now become 1- will money leave semis, 2- will money flow from semis to other areas of techs. 3- could we get a broad based tech sell off. The futures seem quite stable in light of a bad number. My guess is the trend stays flat to positive, as the buy the dips philosophy continues. I did close out all positions and am having some difficulty "picking" value here as many of my favs have already doubled in less then a month, so will go back to watching future trends for guidance. IF trends do turn negative I will aim my target shorts on the Semis...
Good luck
Sharck |
