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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 681.92-0.7%Dec 31 4:00 PM EST

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To: fedhead who wrote (17011)7/7/1998 9:59:00 PM
From: Clint E.  Read Replies (1) of 69349
 
>>I seemed to have sold the net stocks too soon.

That's not the main problem. As I see it, the main problem is not to have jumped back in when they started climbing again. If my line of thinking was, "my year-to-date avg cost is ~60 points lower on these stocks so even if I loose 10 points now I am still up for the year...." I would have been up even further.

What they did to the net stocks today was staged. I was complaining about their rapid surge yesterday and they heard me out. They took them down on purpose & took the oversold Semis back up to broaden the rally. Very healthy.

The net stocks will come back as early as tomorrow. I am assuming that
YHOO will deliver 12-14c.

>>is it safe to get into ALTR, XLNX, LSI and TXN...

As far as Semi/SEMI stocks, I've already stated my peace several times. Dollar-cost avg. into INTC/TXN/LLTC/ALTR... for the long term. Semis will turn around sooner & faster than SEMI stocks.

Instead of DPMI, buy PLAB and hold it for a year. It would be in the 30s by then.

Clint
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