Technical analysis for shorts & longs Message Board

STOCKTALK

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.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 688.98

+0.5%

Jan 22 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Clint E. who wrote (17309)	7/24/1998 6:51:00 PM
From: Tiley	Read Replies (1) of 69962

Clint, I reread your answer and I think we're pretty much on the same wavelength. I agree with your outlook on the chippies but do think INTC will ignite the next SOX rally next time it heads above 85 - it would be a nice short-term trade (to the upside). I become more bearish every time I talk to some folks in the industry (on both sides, equipment and chippies), perhaps a contrarian would think we're close to bottom then. I think people will sooner or later figure out that this time is not like 96 or the other recent downturns. My only regret is covering my big-sized short positions in COHU (shorted at ~29, covered @25, now 21) and ESIO (shorted @34, covered @30, now 27) too soon. If AMAT breaks previous low (which will happen before the equipment stocks hit bottom), then it should head towards the next nice number (I like nice easy to remember targets - and for my actual trade points add a buck if short or subtract a buck if long). In due time, we'll know how things really are, - MJ

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next