Full Disclosure Trading Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Full Disclosure Trading

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jacob Snyder who wrote (2457)	11/4/2002 10:26:56 PM
From: Sam Citron	Read Replies (1) of 13403

I'm looking for stocks that seem to be stalling, hitting resistance levels while the market continues higher. Was your most recent short of WMT at 55 consistent with this strategy? WMT resistence seems to be at 59. It looks like it is at support right now. bigcharts.marketwatch.com AMAT resistance at 17 looks much weaker to me. Pretty soon, people will be concentrating on the efficiencies generated by the layoffs and bidding it higher IMO. It may be "overvalued", but overvaluation is relative and typically increases as we pass through the winter season. I could be wrong but I still think this is the time to be hunting for January effect turnaround plays on the long side, like a JDSU, rather than trying to short quality companies like WMT or AMAT, except for a very quick scalp, ala AD. The time to hunt for shorts is in March when investors have a dose of spring fever. Just my opinion. I've been wrong before... Sam

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next