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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: StockOperator who wrote (3770)3/22/2001 12:57:16 PM
From: Daveyk  Read Replies (1) | Respond to of 52237
 
I'm clueless here but looking at Naz trin the big boys are buying here today.Tick shows heavy selling and had an earlier spike to -1300 area this morning.Good time to sit back and watch till things show themselves.Naz trin was at .28 a few minutes ago.Are they gonna ramp it?



To: StockOperator who wrote (3770)3/22/2001 1:10:50 PM
From: JRI  Read Replies (3) | Respond to of 52237
 
SO- FYI, I've heard on other threads the comment..."too many have too much at stake" for AMZN to fall below 10....didn't pursue, but I'm assuming they mean the bond holders.....I'm speculating...but maybe bondholders/houses propping it up? (don't know...in order to secure additional financing down-the-road?)

No doubt, in Naz can't hold 1800 today....that would be bloody awful....I am trying to reconcile the Naz hitting an important support today (1800) vs. the possibility of a SOXX/SMH sell-off before the book-to-bill...the weird scenario I've come up with is the Naz holding up ok/well (due to old familiar names today) with a decent selloff in semi's into report...

I'm befuddled about holding my short SMH going into meeting tomorrow...if we close under 1800, I'll do it...above it, don't know...