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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: MrGreenJeans who wrote (43135)1/30/2009 2:01:19 PM
From: Kirk ©  Respond to of 95433
 
Hey, good to see you again MrGreenJeans!

Nice to hear some optimism.

I think many of the stock I track and own are testing their lows now. GE, UTEK, LRCX, even ChittyChittyBankBank were all lower in the past and seem to be testing. A buy now of many stocks I track with a tight stop may work... I tried that with XLF to add at $8.27, made money but was taken out on a protect profits stop at $8.57 only to see XLF still a buck higher TODAY at $9.27 t... hence my stop hurt...

I hate to jinx it, but this is what happens to me near bottoms... get very conservative with buys and often lose opportunity via stops for small profits.

My other buys back when I was a bit more bullish, such as FNSR in late Dec in the mid 30¢ area are holding up quite well... FNSR is amazingly strong at 52¢. This too happened to me in 2002 when I was buying CACS for 39¢ and it was up near $1 by the time the March 2003 test of the OCt 2002 lows came.

so.... we are seeing some signs of the market turning similar to between Oct 02 and March 03.