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Strategies & Market Trends : Galapagos Islands

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To: Techplayer who wrote (41464)	6/4/2003 6:49:21 PM
From: paulj	Read Replies (1) of 57110

Oh, I agree, as far as I or anyone I know in the semi business, this move, especially in the equipment makers is nuts. I've wished I didn't have a clue what a semiconductor was, much less anything about the equipment makers, so I could buy these things more easily. That little dip the S&P did to around 910 in May really nailed my trailing stops. I've had a difficult time getting myself to hold much long since then. With these near vertical moves, any sensible trailing stop on a long hold is too far below an entry price for my tastes. When I do buy long, I set a rigid price target and let it take me out.

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