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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?


To: Robert Schling who wrote (4135)12/28/1997 6:44:00 AM
From: Trader X  Read Replies (1) | Respond to of 10921
 
Thanks for the URL, Robert.

I gave it a whirl and I'm impressed. Always good to have a nice web source for quick charts to supplement my chart program.

Good suggestion on how to move long also. Any talk about going long should include the possibility of a worst case scenario. I would love to get a good dd stock at these historic lows, but the case for them is even worse than that of the semi equips. What that sector needs is another round of consolidation. Weed out the weak. Like APM.

My outlook is for several months of scraping along the bottom. The downside as I see it is another minus 10-20% possible, with maybe half within 10% of their lows already.

While it's too late to really go short these stocks, it's too early to go long also. Probably the best way to make money in them for the next 3-4 months is to sell both calls and puts.

-Kevin