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

To: Compadre who wrote (46847)	9/5/2003 11:20:19 AM
From: SpecialK	Read Replies (1) \| Respond to of 52237

Jaime, I've been short TXN since last Friday at 23.79, It's been up and down since then, except Wedbush Morgan screwed that up by upgrading and setting a target of $30. Today it's up more than 4% to 25.35. At times like this, it's hard to hold the conviction of your position. I planned a mental stop at 25, so I should be selling here. It's so overbought, it has to go down. It reminds me of my first ever short position, which was RFMD at 22ish, it had gone straight up from 8 to 22 in 3 weeks in early 2001/2 (the years are mixed up in my head), it continued up to 27 (I bailed), it continued to 36, then turned back and now is below 12. It's all timing.