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To: advocatedevil who wrote (6258)7/7/2003 10:13:54 AM
From: ALTERN8  Respond to of 13403
 
LOR bot 3900 @ 2.71



To: advocatedevil who wrote (6258)7/7/2003 11:17:03 AM
From: Return to Sender  Read Replies (1) | Respond to of 13403
 
OT: The naz is at new highs for this rally since March or October. It may take a couple more days for us to see this current short term rally peter out since it is now a break out above previous resistance of 1686 on the NASDAQ.

Plus there are still too many puts!

cboe.com

I'm not adding to my AMAT short position until I see AMAT with an RSI of 70 on its daily chart.

stockcharts.com[h,a]daclyyay[pb20!b50!b200!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G

Currently AMAT's RSI is at 63.5 it could mean a high of 18 or more to get there if you ask me. At least the TRIN is falling:

investorshub.com

Still I think patience will be amply rewarded but what da heck do know? If it hits 70 on the RSI I will add to the short position. If it comes back down first I will not complain. If we actually see a business led economic recovery supporting the growth of these stock prices I will be slaughtered just like the pig I am.

<gg>

RtS



To: advocatedevil who wrote (6258)7/7/2003 1:15:01 PM
From: Sam Citron  Read Replies (1) | Respond to of 13403
 
AMAT S 500 17.34
Gain $360. Bad entry buy on tail end of last exhaustion gap.

AD - Hang in there. I don't think the post holiday euphoria will last.

Sam



To: advocatedevil who wrote (6258)7/9/2003 2:25:48 PM
From: Return to Sender  Respond to of 13403
 
OT: AMAT Applied Materials back near unchanged (17.80 unch) -- Technical -- After gapping roughly 10% higher to start the week, AMAT has spent the last two days drifting within a limited range slightly below the highs. Is back retesting the upper end of this range (17.82) in recent trade. The 11+ month high from last Dec comes into play shortly thereafter at 17.91.

stockcharts.com[h,a]daclyyay[dd][pb20!b50!a17.91!c13!c20!c50!i!d20,2!f][vc60][iUb14!La12,26,9!Lg!Li10,10!Lh5,5!Lp14,3,3!Ll14]&pref=G



To: advocatedevil who wrote (6258)7/13/2003 4:30:23 AM
From: advocatedevil  Read Replies (2) | Respond to of 13403
 
OT - FWIW, It's been one helluva week for this ol' dark-side trader! Geez, went inta da Holiday weekend up 'bout $6K on paper and by da market's open Monday, was down -$10K and then by the close was down an eye poppin' -$70K! How's dat for one ugly bitch of a swing! <g> Not ugly enough? Well, at one point Wednesday I had run up dat AMAT bar tab ta -$88K! What a hoot! <g> Havin' had just about all da fun I could handle by that time (she printed $17.95!) I was prepped ta bail and accept da beatin' if she continued just a few pennies more ta $18.03 (at that point I would have given back all YTD ST tradin' gains totalin' +$92K)! So, spent da week bakin' in my bear suit with no refreshments and my monsta play down between -$42K and -$88K, finally closin' Friday down -$57K. As da song goes... "Well, what can a poor boy do?" <g>

Ahhh, but what da heck, dat's life! If she takes me out on this play I won't be complainin'! Hey, how many folks can say they lost $92K on one trade! <g> and I'm still goin' ta London in a few months, so in da end, I'll come out ahead!

FWIW, ST Tradin' stats for the first six months of this year:

129 Wins
031 Losses
015 Break-even
176 Total plays

Win/Loss percentage: 81%

YTD Gains: $92,625

Everyone have a great weekend! I'm headin' out to the Yosemite area in da mornin' - gotta get some shut-eye - see ya'll soon!

AdvocateDevil