Semi Equipment Analysis Message Board

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Technology Stocks : Semi Equipment Analysis

SOXX 285.23

-3.7%

Dec 17 4:00 PM EST

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To: Return to Sender who wrote (1204)	9/26/2001 12:56:23 PM
From: Sun Tzu	Read Replies (1) of 95598

You should be getting a quick bounce at these levels on RFMD. I've kept an eye on it but find it too unpredictable for my liking. Should it drop to 13~15 area, that'll be another natural point for a bounce. As you've said, this is a very tough market to trade and a damn dangerous one. I guess that's what they mean when they say the risk premium in stocks has gone up :). My strategy has been to buy stocks I can believe in at rock bottom prices. For example I bought AGR.a, SCMR, and GMH all at or near 52wk lows. (I had picked 2.5 as my rock bottom price for GX and I should have fallowed that plan). I also short anything touted or widely owned by fund managers. For example, when HD was touted as the must own on Bloomburg, I ran out and shorted 2,000 shares at the open the next morning. It was around 46 then. Regardless of long or short, I want a stock with liquid and very expensive options. That way I can buy some protection by selling covered calls as the market demands it. good luck, ST

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