Another profitable long day on EMLX and BRCD, but I fear, the last, boo hoo,gggg.
Profit often this AM on gap fills, but the hotties are definitely weakening more today.
Lots of warnings. I just loved CIEN's accounting. Now how do I turn a $5.50 loss into a 5 Cent gain, in the real world, that is.
Time to warm up the short machine; puts looking good now.
Many hot techs in semis and storage are well above the MaxPain levels and must go down into expiry.
Some I mentioned last week, like QCOM and BRCM already have gravitated in MaxPain direction, but they are just overblown anyway.
Be nimble and watch for mini-squeezes, on the way down, IMHO
James |
