thanks...please understand, I do not "do" "fundamentals/stories", but I can tell you, that UTR, and other depressed Techs, are still in the process of completing likely depressed bases...some are double-bottoms (like a lazy "W" formation, right ?), and, as long as UTR holds above the 16.+ area, should be fine, and/or a buy again there, with a close stop...the other thing to know, technically, is that, obviously, when/if it can get above recent 22- ish high, would project towards 200 DMA around 26, as I originally mentioned....but, first things first....
p.s. this whole "asian" thing, is NO different than the "mexico" thing, the "japan" thing, the "canadian stock" thing, etc., in rcent years....Nothing Ever Changes....one of the secrets of trading success....my "PSYCLE sm" teaches, that most all "crises" evolve the same way, over time...the "patterns" remain the same, historically.... but the Media wants to scare people, right near the bottoms, don't they ? that's why mastering "buying when fearful, with close stops" works so often....I indeed HAVE been accumulating some depressed Techs recently, and many have already bounced....others, should probably double-bottom, and then bounce also....if they break, we cut loss, and move on....no biggie....UTR is Not a problem/junky co.--- it is a very decent co., like, WDC, DGN, ISSI, SPCT, KLAC, IPEC, GTIS, ASND, ZE, CYMI., EFII., OAKT, in this allied ind. group, all of which I suggested recently near their lows, in rotation....so, stay with UTR, assuming one orig. got in near 16-17-18, as per my orig. posts... hope this helps, Samuel....remember, I have NO emotions, nor attachments to any stock, and my avg. hold period, around 2-4- months. very relaxed here...best wishes, |
