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To: Galirayo who wrote (137347)10/12/2006 1:19:33 AM
From: 2MAR$  Read Replies (1) | Respond to of 209892
 
Today was all about the semis pretty much wasn't it ? Traders went bidding them up knowing that LRCX would proly beat for the 6th consecutive QTR ...LRCX turned out mixed with a gap n crap on remarks of flat guidance later during CC looking at next qtr and 1rst 1/2 of 07....they love this stock though.
yahoo.reuters.com

( they couldn't bid many other things up , Retails at alt , TRAN , storage infrastructure, even INFY sold off a bit from gap to ALT , w/MSFT taking a breather too, so they went bargain hunting ;-)

Early on even bounced MRVL $1 off the JPM downgrade which was kind of telling & RMBS/SNDK early momos .... did notice some bottoming action in AMD past two days and this am , was a pretty low risk trade
investorshub.com

Once again have been seeing often on the 60min is these last exhaustion trips into the OS putting in a floor and finally a short covering bounce . (And many that were short now go long )




To: Galirayo who wrote (137347)10/12/2006 2:04:16 AM
From: 2MAR$  Respond to of 209892
 
started shorting AMD back 2nd week of sept in the $27's and it was lonely there at the top but there were all those 20K sells into the momo that made me know it was near the top and was Ob .

Today again even with SNDK bidding up with the rest of the semis , there was this D-top on the 60min that we shorted again at $59.50 area ...who was to know that crash would take place and that short turning out to be a major trade , just knowing that SNDK had already once b4 pulled back from there

But even befre the NYC crash news , SNDK had already corrected down 50c from there today in any case respecting that NT d-top .For the wiggles we're in now b4 eps , this has worked also time and again like the D-bot tests on the 60min too.

For in here $59.50 has repelled it twice exactly , did again today .Sweet? ;-)