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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: presto who wrote (175001)6/6/2008 2:38:20 AM
From: bumblin bob  Read Replies (1) | Respond to of 208838
 
RFMD: I think it has a better than average chance of continuing up here. More of a swing trade really than a quick mover like we have become accustomed to, I think. Guess we'll find out soon enough.
I don't know what the overall market is going to do here. There's been a lot of choppy moves over the past few days, but I don't think Thursday's action resolved it to the upside.
I would imagine that the shorts are lining up here though, expecting a nice pullback before the weekend. If that happens, good for the shorts....but if it doesn't, they'll be scrambling to cover. Could be a very interesting Friday.