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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Paul A who wrote (16464)11/27/2001 9:59:59 PM
From: Kelvin Taylor  Read Replies (2) | Respond to of 19633
 
Paul, CCMP seems to hit the wall hard @ 70.50 or higher.
the $3+ gain from monday I thought won't hold so I shorted at the open this morning. that has proven to be a money maker short north of 70, so I plan to hold it til gravity pulls it back down. it was trading below 67 just last Wed.

CCMP has underperformed vs the NAZ in the last 3 months.
I plan to short more on a run past 70. otherwise wait patiently for the retreat.

FNSR: Good call Tom!

MSCC reports tomorrow after the close. will be watching the price action tomorrow for hints of how to play it.