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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 692.010.0%4:00 PM EST

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To: Judy who wrote (9143)11/11/1996 4:36:00 PM
From: dppl   of 70681
 
Judy, I closed my ZITL for a loss the moment they announced the split.

Now I'm monitoring the disaster-waiting-to-happen, but it might make a second top here - not sure. Saving some ammo for MU, GATE (March puts). The reason I want to wait on MU is to make sure I see some divergence - might be visible tomorrow or at the end of the week. What is mildly dispiriting about this stock is the degree to which shareholders hang on despite one of the direst financial situations out there. Just bought some DRAM for $67/16MB. This time last year it was $400/16MB. You tell me... If the stock was around 70 when DRAM was $400, then it should be at most $14 now, but no it's $33 - again. And with the misreading of the BtB info it might even go to 38! (I'd be surprised).

How do you like CPU and GATE if they run up. Technically they really screwed up...

Thomas
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