SI
SI
discoversearch

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 : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?


To: Shack who wrote (135053)8/2/2006 4:43:28 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
Curious what you make of the LRCX action today. Same volume as yesterday, but not a full recovery.

I guess much like I'd asked MC, if one ignores the H+S... what is it that you see there that has you lathered (or, at least, in poooots!)?



To: Shack who wrote (135053)8/2/2006 4:46:16 PM
From: bcrafty  Read Replies (1) | Respond to of 209892
 
Shack, I agree. What I'd like to see is for the press to report the real reason for the decline, something like "Institutional traders sold SBUX after its report today, continuing their shorting for a short term gain that began yesterday morning. Look for them to cover soon around horizontal support near 30." ;~}

Nice trade for you, congrats.



To: Shack who wrote (135053)8/2/2006 5:41:19 PM
From: the-phoenix  Read Replies (1) | Respond to of 209892
 
Thanks, Shack, for the heads up on SBUX. I loaded up on puts today and am hedging them after hours near 30. Nice!

Regards,

P