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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (2882)12/4/2003 4:36:10 PM
From: russwinter  Read Replies (5) of 110194
 
There goes the tech bubble, and no quarter given.

Intel down 3% after hours after mid-quarter update. $600 m "goodwill' charge, you know the BS where they say margins were 62% after, after ,after.

I shorted the following tech bubble stocks the last two days: SYMC (Symantec), RIMM (Research in Motion), VRTS (Veritas), and ADTN (Adtran). I was already short SMH and HHH.

Look at the setup in INTC BEFORE this news. Awful money flow, RSI divergences. Lower band now gets taken out and "surprises" a lot of suckers.
stockcharts.com[l,a]daclniay[pd20,2!b50][vc60][iUb14!Lc20]&pref=G
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