Once again, thanks for the valuable information provided... The more I look at the charts, the more I am convinced that the entire semi-conductor stocks are heading down...
Of course, I view T/A as part science, art, and voodoo... I believe that without intending it I have played the best strategy possible, using puts...
The technical look of the charts is iffy at best, the fundamental reports are hard to make sense of them, nor I really trust these agents of doom or hype, depending on their particular outlook of the planets they may hold at the time...
And, in my opinion the most important at the moment, is the general position of the overall market... today we needed some kind of confirmation that Friday and Monday were not mere relief rallies, (which they look nervous), in order to continue up.
I think these rallies resembled the nervous laughter attacks one would tend to have, upon receiving the news that, No, our head is not going to get chopped off on Friday...of this week... but NEXT week instead... <g>
Quite honestly as I indicated earlier, I had given up on my squashed mango flavored puts... I think their flavor is beginning to "metamorph" into green backs, after all... But as stated, it is too early to call for victory yet.
Thanks for the news. |
