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Technology Stocks : Full Disclosure Trading
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To: Donald Wennerstrom who wrote (12299)10/3/2011 12:19:20 PM
From: Jacob Snyder  Read Replies (1) of 13403
 
OT re MU LT long position:

Do you have a plan, for what you'll do, if MU keeps going down? Will you buy equal-$ amounts, if MU hits $4? $3? Will you take profits on rallies, perhaps selling half if MU gets up to its 50dma (now at $6.32)?

I will consider covering my MU short, if the SOX bounces in the 325-330 area, where it bounced repeatedly in August and September. But I'm also still expecting SPX 1020, which implies a SOX well below 325.
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