SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Tseng shootup in the near future?

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cadaver who wrote ()3/12/1996 2:36:00 AM
From: JJJK   of 54
 
March results will probably be poor.They will be two third's of last year's which in turn were half of the prior year's. My fundamental based charting shows a reasonable chance that Tseng will breach 5 on the downside this year. Establish a position at 6.5 (7.5 if you're adventurous). Double up at 5. When you get a rebound to 7.5, sell a call for the entire position at 10. This should be a three to six month call. If it expires uncalled, redo and ride again. It is technically conceivable that Tseng could take quite a ride from its present process of consolidation. This is a possibility. It is also a probability, however, that it will continue the present backing and filling for a while longer. Call it a tradeoff between modest yet profitable probability and grandiose but elusive possibility.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext