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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: drsvelte who wrote (28121)	9/11/2000 7:58:22 PM
From: shasta23	Respond to of 68313

HI DOC! Feel ok with my little positions in CMTN and RFMD. Keep positions smaller in these kind of situations because i have the tendency to be in the right stocks but not being able to stomach the drawdown. Therefore i cut position size and allow wider stops. Let's see how that works. I think that RFMD will be OK here. TA-Support on SOX is around 990-1000 which is still 60 points away but i feel that the profit taking is stronger in the high fliers and RFMD has already sold off much more in the past or never recovered that much. Therefore less people sitting on fat profits. We will see! Take care! Stefan