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.

Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Suresh who wrote (15361)	3/20/1998 8:14:00 AM
From: Clint E.	Read Replies (4) \| Respond to of 68187

Hi Suresha. Short ALTR? Good trade. Don't let Robin know!!! Just one last point. Although I haven't been too fond of SOX for a while, don't forget that most of them have pretty much bottomed. This is the signal that market is sending for now. For example, two days ago BTB for SEMI was released and showed continued weakness in orders and billings. That was the day after MU released earnings. AMAT, NVLS, KLAC all fell ahead of MU(I was short NVLS/XLNX ahead of MU but covered too early...story of my life!!!) and fell a bit further after BTB was released but they haven't crashed. Considering BAY and JBIL's warnings, you have four bad news in three days. Still no crash. SOX is not going anywhere for a while but there is hope that the worst will be over in the next 2 qtrs. Within SOX, the two strongest stocks are TXN and LLTC. LLTC is a great trading stock and a good company. keep an eye on it. Still look healthy and it is one of those buy-on-dips kind of stock. ~55% of their revenue comes from this side of Atlantic, mostly from wireless, networking, notebooks, and defense applications. MXIM looks OK too. BTW, something is going on with SNPS. Could be options-related. Take care; Clint