OT: If you remember from yester years (2001-2002), some of the big upside moves were made during the down slide. I am not ready to call it a bottom or turn around. Probably as you said, it is short covering. A relief that things are not that bad. Here is how thing look from my perspective, mxim is not ready for a big move yet, but when it does, it is going to move very fast. my long term target (2 years) is 80+, short term range 40-44 for now and may go down to 36-40 range. LLTC is weaker of the two horses. It has not moved much in last 6 months. It is not as good for trading but will be a good buy in low 30's. ADI and NSM fluctuate lot more than mxim and lltc. If you catch them low (whatever that means) they will make you good money. txn looks very tempting. I am tempted to buy some leaps. I think bottom is in for txn unless some company specific news comes out. NSM is not in my book. I am not comfortable trading this. AMAT, nvls, klac are good trading right now. I think right now it is two steps down, one step up. This will change soon to two steps up one step down by early october. I have my eyes on AMD, I think they are giving Intc run for their money.
I tend to stay with 5-6 companies. Each time I try new companies I worry a lot. With the companies I mentioned above, I can sleep like a horse even if the stock are down, I know they will come back to my price, it may take while.
kdavy
current trading picks: amat, txn, adi, klac only after 5% drops. mxim any time my gut tells me to play. |
