William: agreed re: short term option bet analysis
SEG continues to suffer short term due to DDX disease; just a sector that has trouble getting respect, and maintaining it for sustained runs;
my old broker always shied away from this sector, having come from the computer hardware marketing field; always felt it was feast or famine business, so institutions move in and out fast
Right now watch BKX index for a bounce to support continued upward general market trend; its at 200 MA, probably still Brazil worries, if it rolls over and down, it will be tough for rest of market, except maybe internuts, to move higher.
I like SEG intermediate term prospects/growth; I'll continue to follow analysis by industry-knowledgable posters on fundamental thread; looks to me like near term run for SEG is over and the best one can do is watch for bottoming and better price opportunity, rather than any quick run up, even to recent high, at this point
Regards,
vocex |
