Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (35031)	3/26/2001 3:01:04 PM
From: Clappy	Respond to of 35685

Nice chart of RMBS. In the past I've had a heck of a time trading RMBS. Almost seems like it has a mind of it's own. A little good news or FUDD sends it running in the opposite direction I usually had it held. Moves too quickly to get out in time. Seems like RMBS would be a good stock to put an options collar around. Just look at that jagged saw tooth pattern. The chart looks like a baracuda's mouth... ready to tear my wallet and money to shreds. <g> Looks like $SOX is failing to break through that resistance I thought it had already punctured through. 645 looks to be too strong to get through. Especially with the lack of news. Goldman saw it as an opportune time to downgrade several chips before a breakout could occur. I guess they want them cheaper... I closed almost all my long tech positions and will wait for the next round of panic or better signs of recovery. -ClapOff