TM,
I don't get as technical as you, Steve and Wayne so your analysis is much appreciated, but your conclusions are similar to my analysis, I have harder time putting exact ST price points. But on very ST basis I am looking for similar pattern as Steve mentioned and will buy some tomorrow morning and sell into strength immediately (near $34 if it gets there) and then will try and wait patiently for $30 or below. $32.5 should hold a day, with as much resistance as it took to get over it imo. I bought fore late yesterday since it was down over a point and with the thought that if market took out resistance it would spike to $16-$17, didn't happen in the morning and managed to get out with a 1/8 gain (before 10 am), better than the 1/2 loss on the day for the stock.
COMS is definitely acting like a strong stock vs. market avg.'s so I will buy back aggressively at lower levels. COMS will downtrend with market and will get a nice runup around next earnings report (with a good report obviously) imo. Expecting a higher low than last time $27-$30 range
Brazil or whatever, the market looked like it was at a ST top (bouncing up against 200 dma's) and it would have come down more likely than not (play it safe, that is what smart $$$ is doing imo). My market barometers are MSFT, DELL, YHOO, CSCO, INTC, NAZ, DOW, in that order and they were not acting strong this morning, a little head fake.
Trading account has 100% cash position and almost shorted coms at $35, wisha, coulda, shoulda, oh well. Going for 500% vs. 50% return on COM$ in next 12 months :o)!
Also, if Fore closes $12-13 gap it will be another nice buy imo! |
