Technical analysis for shorts & longs Message Board

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Strategies & Market Trends : Technical analysis for shorts & longs

SPY 694.04

+0.7%

Jan 9 4:00 PM EST

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To: Logain Ablar who wrote (44873)	6/26/2008 6:59:48 PM
From: Johnny Canuck	Read Replies (2) of 69640

I think till we see companies like BRCM break significant we will have not seen any kind of bottom. Despite they modest forward revenue projections for the year they bounced back significant from the lows around $19 and the stocks is still strong from a relative point of view. I want to see it test the recent low and hold before I commit any money on the long side. I am currently sitting on my hands and honoring my stops on stocks in my portfolio. I am looking to put together a list of stocks that are not break down as quickly as the other stocks though as they will bounce back first after all the blood is spilled.

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