So, anyone have an opinion about where and when we buy this latest dip?
I sold half my NTAP long position in the October-to-January rally, and accumulated a large short position (QCOM, CYMI, CMH), so (this time), I'm going to have funds to buy the dip.
10 is a support/resistance line, a "sticky" place on the chart where the price stalls. I think I'll wait a couple more weeks, and see if 10 fails. If it doesn't, I'll buy in the 10-12 area. If it does, then I see no support above the October lows, which should be strong support. I'll load up in the 5-8 area. Either way, half my position gets sold in the 12-17 area, the next time we get there. Then, buy back when we try to cross off #3 (N.Korea) on the AxisOfEvil list.
JS@whatbullmarket?.com |
