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.

Strategies & Market Trends : 50% Gains Investing -- Ignore unavailable to you. Want to Upgrade?

To: Dale Baker who wrote (30912)	8/28/2002 5:09:33 AM
From: Dale Baker	Read Replies (1) \| Respond to of 118717

Stopped out of the AKLM trade, I will let it settle for a while. Just jumped in too late and didn't take the quick profit when it was there. Tech sector not looking great, I will hold my QQQ Sep 24 puts for a while: Updated: 28-Aug-02 General Commentary It was only a few months ago that tech investors pointed to semiconductors as the group that would lead the sector into recovery... Now the industry is the soft underbelly of the tech sector, as hopes of a recovery have given way to capital spending cuts and cautionary guidance... Intel became the latest example of the latter, as company's CEO noted that company "hasn't seen much improvement in computing environment because companies are not investing." Sees Q3 only modestly better than Q2; also not confident that a holiday uptick will occur this year. Led by a 5.2% drop in Intel shares, the Philadelphia Semiconductor (SOX) index fell 19.92 points, or 5.9%, to 316.87... Also weighing on the sector were Altera (ALTR 11.31, -8.5%), Xilinx (XLNX 17.18, -8.8%), Broadcom (BRCM 17.65, -7.3%), Applied Materials (AMAT 13.93 -6.9%), Advanced Micro Devices (AMD 9.09 -6.5%), KLA-Tencor (KLAC 34.20, -5.9%) and Texas Instruments (TXN 20.63, -6.7%)... Another two days like Tuesday, and the SOX will be trading at a new 52-wk low... Given its reputation as a leading indicator, such a development would be a very bad omen for the rest of the sector. In addition to the disturbing trend in the semiconductor industry, Briefing.com remains troubled by the quality of leadership... In recent sessions the sector dogs have enjoyed the biggest gains, while the early winners - the large-cap, industry leaders - consolidated gains... But as the large-cap names continue to drift lower the question becomes will these stocks - IBM, MSFT, DELL, NOK, CSCO, ORCL, etc - hold above key support levels... The first level to watch in each case is the 50-day moving average... If these leaders can hold above these floors during the corrective phase, then they will be in position to pace the next leg of the recovery... However, if these stocks follow the lead set by underachievers INTC, AMAT, VRTS, QLGC, KLAC, etc - then traders will want to run for cover. Robert Walberg

To: Dale Baker who wrote (30912)	8/28/2002 2:00:52 PM
From: Ray Rueb	Read Replies (1) \| Respond to of 118717

Thanks for the encouragement I don't post because I usually become a lightening rod, and the off topic heat dilutes the value of a thread. I am primarily a short term trader, yet my comments are frequently used by long term folks who get bitten hard when the stock crashes. In my history you'll find I have a history with GMGC (runup #2) and with HOMS. I still get flamed about them both, even though GMGC was 3 years ago and I last posted about HOMS in May of 2001, 3 months before it crashed. I haven't updated my profile in 2 years, and I find it humorous when people still comment on it. As a short term trader, I love volatility, and I value the liquidity in the markets. Instead of my commenting on your picks, how about if I just show you the primary technique I use to time the purchase or sale of a security. It's really absurdly simple, but there are a few rules you have to know. If it works for you, you can make it part of your toolkit too. That way we can avoid the time delay of my comments (I don't always read your column every day), and we can also keep the flames that follow me out of your column. How does that sound? You all be careful out there Ray