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Technology Stocks : Full Disclosure Trading

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To: Cary Salsberg who wrote (1139)7/12/2002 9:04:50 AM
From: Return to Sender  Read Replies (1) of 13403
 
OT: All true Cary. I believe SLAB can be played both ways up and down. I just need to force myself to wait for the best entry prices. At this point I would favor shorting it above 27 and adding long below 23.

The stock has a well established trading range which is not likely to change until after earnings on July 22. Even though the company has upped guidance the P/S is high and good earnings do not necessarily continue forever.

stockcharts.com[h,a]daclyyay[pb50,200!d20,2][vc60][iUb14!Uk14!La12,26,9]&pref=G

Look at the difficulty NVDA, ESST and GNSS have had moving higher over the last year. Only GNSS really started to fail to meet expectations but all these stocks have been hit harder than SLAB which will earn 1/6 what ESST will this quarter and has a P/S over 4 times higher:

finance.yahoo.com

RtS
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