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Zeev - $29 is doable, after the $19's first. Lets see what happens! Isn't this fun...LOL!
I see MERQ at $19 in the next three days. eom.
Gap ups ar not healthy to have anything sustainable happen here. Also I expect the down volume to increase over 3-4 days before we go up for anything valuable. Of course, the SOX is the culprit to take this down IMHO.
Now 7% underwater on BRCM. Getting ready to pull the trigger again at $19.50.
PMCS very shortable now in the $9.90's. Target = $7.25.
INTC still saying "sucker rally".
Good luck Zeev - I would think that that $19.85 is the top. JMHO though..
If INTC could print $18.80, I would think this is the real thing.
tantal: I violated my #1 rule today: short at eod. I didn't do that, and that rule is now coming to haunt me. Should have waited to see if BRCM breaks $18.40, because then I knew $19.50 would be on it's way. You never stop learning, you just fine tune yourself.
I can't believe how cool I am these days when I am out of the money by 5% on a short. I used to "freak out" and run to cover. I have finally come to accept that a swing position can go the other way on you, but as long as the mental stops aren't hit, no problem. Yje trick is to get out when they are hit instead of clinging on to hope. My cover point on the BRCM short is $20.10. If it hits that, then I'm out the door.
Twee: I'm expecting the SOX index to get to 280 by Friday. As a result, BRCM should go back to $15.
I fully expect BRCM to get to $19.50 now. Will double on the short then...
Short entry premature on BRCM. Should have waited until EOD. Expect it to be profitable by Wednesday at the latest though.
Shorted BRCM at $18.10 eom.
PMCS sold for $9.45, a $.48 gain, sold bRCM at $18.05 for a $.78 gain, and sold INTC at $18.48 for a $1.26 gain on purchase #1 and $1.31 gain on purchase #2. Holding over the weeken actually paid off..
Will take this rally to get out of BRCM,PMCS and INTC. Looking to short them at the end of the day..
World markets gapping higher. Wonder what's in store for us..
Augie: Sorry, I meant it needs to go from 315 to 330. 304 was the low on Friday.
Augie: Your prognosis is right on the money. I hope the SOX does get a blip up, because the need to push it to about 280 before all this is over. From 304, it doesn't give them enough scare. IMHO it needs to go up another 15 points before they flush, and I intend to be out of BRCM, INTC and PMCS by then.
INTC staying afloat. Will help lead us higher soon..
Holding ALL of my positions through the weekend, hoping that the runup starts before the opening bell on Monday.
Just added BRCM at $17.28 and PMCS at $8.91 eom
Bought more INTC at $17.19 eom
KLAC buy at $36.68 looking like a real winner now.
No rally expected - it would allow to many to benefit. Best is for "them" to confuse and have the train leave for others to chase it. That's the plan. and I'm sticking to it.
This is where they scare the shorts into covering. Last 20 minutes they scare the shorts out of the long positions. Tommorrow - THE GAPPER (UP).
I don't expect this bounce right now to do anything, except be an opportunity to get out of day trades. I'm swinging with all my positions, so let it come back down. Just a couple more purchases to go..
Got INTC at $17.23 eom
Butt ugly...and I'm almost 0% cash. Will be by end of day.
D2: That OB will not be hit before the rally gains steam again. I am buying it in the final minutes today, regardless the price. I am 99.9% positive it will be in the $13's by then..
D2: We get our chance to get in AAPL today in the $13's. Don't miss it...
Looks like I got KLAC for $36.68! :)
We will definately close in the RED today, as I expect selling on the SOX to accellerate et end of day. Buying KLAC, CCMP and INTC in the final minutes hand over fist. The down volume (especially on KLAC) will be well over yesterday's up volume, which is how "they" accumulate.
Zeev - KLAC I have down to about $36.50 today. Buying at the final minutes and holding overnight may be the profitable way to go on that one. IMHO of course.
NAZ 1195 did not hold as support. Next one is 1007. This is starting to suck on my wallet...
D2: I ditched AAPL yesterday at $15.07, just pennies above my entry. Was looking for $13.50 either todqay or tommorrow. Tommorrow should be a great time to average down if your still in.
Zeev - Do the turnips ever say "get out now, crash is coming"?
BEAS is in the $5's! I'm buying at the close..
INTU now red. Wow! If this isn't capitulation, I don't know what is. MSFT in the $43's already!
Lot's of selling pressure on MSFT not helping the QQQ's at all. Hoping for green, but looks unlikely.