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

To: Jacob Snyder who wrote (53668)	9/12/2011 10:36:55 AM
From: Jacob Snyder	1 Recommendation Read Replies (1) \| Respond to of 95500

Shorted MU at $6.65, opening position. The stock could stall here, at the 50dma, or it could keep going up to $9, the 200dma. If it goes up from here, I'll short more, probably every $1 on up, in equal-share increments. If the stock is still sitting at the 50dma next week, I'll probably double my short. One year: Even in a downtrend, there will be rallies, especially in volatile stocks, up to the 200dma. It's common, once the 200dma has failed, to retest it from below, before heading on down. 15Y: Whatever the stock has done in the last day, month, or year, all that is contained within an 10-year downtrend. $2-12 is the range, last up-cycle. Now that a downtrend is established, shorting all rallies should be profitable.