to all: as the guy who put SMSC as a "PSYCLE sm" buy on this thread on 5/23 at 8 5/8, today's pot. breakout projects towards my original upside target in the 14. area, perhaps...note it's last high at that level....no emotion, no scenario, just good technical/PSY-chological pattern recognition....
there are recently a bunch of similarly depressed techs with recent months/weeks "exhaustion lows," which could pop as well, with close stops below recent lows, diversfying for protection...again, no inferences, but check out things, like, PCTL, DIMD, FRTE, BOBJY, PAIR, INSO, CUBE, MACR, XYLN, NOVL, NETG...again, ONLY if bought right near recent lows, or not at all, dig ?
try to LEARN the normal, usual, repeating patterns of chart and human and media behaviors, always diversify, and always employ close stops...I teach this to any interested....best wishes to all...
P.S. I never did buy ANY puts on ANY "extended techs" like MSFT, etc. ...none....not yet....but many extended issues may indeed be shaping up for a decent correction back down towards their 200 DMA's.... |
