ORK, No problem the technicals internally and fundamentally just have not added up. Its hard not tobe short here but then again if i had only held those longs!
But wait, if you do some research on what has moved the last 2 weeks the majority of stocks are actually POS's. Telecom, Chips and others. while the BTK has been stagnet as have most of the retailers, Home Builders, and Finacials.
Looks like the stocks that have the worst outlook have done the best. exampple is Telecom/Networkers, since when did we see a pickup in that sector last check we were still contracting on over capacity. The look at the SOX, it moved some 45% in last 3 weeks this we have not seen in over 2 years!! Guess what it rallyed from terrible earnings and more contraction due to over capacity.
These signs tell me its time to get SHORT and FAST!
Good luck here are a few 100% movers: LTXX, LRCX, TLAB, VTSS, AMCC, PMCS, ALA, TQNT, SURE. |
