Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Fintas who wrote (6730)	2/17/2019 12:07:15 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26696

Careful... My bet is AMAT (currently @ $39.10) one day may take out that 63 but here and now, a retrace is coming as that near term semi momo rolls, the sox turns over, smh turns over etc. In the meantime those who are long.. enjoy.. just don't get greedy. I've taken profits and a pullback is possible but AMAT has an " Inverted Quasimodo Reversal" plus an in play island reversal... and it just tested the "^" in the "W bottom" (orange line) from above... all quite bullish. With fundamentals expected to turn in 2020 with the 5G buildout we should see "the story" ramp up mid year and the stock price usually bottoms 6-months before "the story" bottoms... all perfectly in play now as expected. But I agree... taking some profits if long is always a good idea for us old pharts with some long shares dating back to 1996 for me (and 1998 for my newsletter subscribers when I put it in there) so we have $ to buy any significant declines or money to spend on toys and trips if the stock never goes lower again.