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AD, Bear is the GERN maven. I never heard of them until he brought it up here. BTW, the market looks very good. I'm looking for at least a 50% retracement to 2147, maybe much more.
Bear, for those that exited GERN, where would be a good reentry price. TIA.
Long TASR @ 21.50
DRIV looks poised for a good bounce. IMO.
WEBX news looks impressive. Dept. of Defense contract brings credibility.
BSC upgrades SYNA to outperform with $33 target.
As I recall you were expecting a swoon of 100 points in early December. Today's low is a little more than that from Monday's high. Maybe today was the low?
Zeev, it was a tough week to be long. I felt the sting today, but had a good week being short early on. What is your near term outlook now. TIA.
Maybe today
NDX outperforming COMP and SMH positive are two good signs. IMO.
That last sell off might be the bottom at 2076
Long SYNA @ 26.40. Filled gap from Oct.
Not expecting it today. But I'll take it!
I'm holding and hoping for a $3 gain. Breakeven stop in place.
Nice buy. <g>
Long TASR @ 22.80
Thanks, I was buying yesterday under 2100.
Did you see the 5 day RSI at 12? That should be a decent bottom. IMO.
Interesting that COMP closed exactly at 2090 support. Employment report should provide catalyst for a decent oversold rally.
I'll buy around 23 if offered.
Is TASR worth buying on weakness this morning?
COMP 2090. Rally time?
Smelling a turn here. Covered SMH for a small gain and have begun to add longs under 2100.
Covered my Qs short for .20 gain and have a stop on SMH above the morning high.
AD, 2097 was the December low from which the market ran up about 70 points in a little more than week. Now we have closed below the previous month's low which is bearish. IMO. But I think Zeev is correct in thinking a short term oversold bounce is due very soon. I'll probably cover my shorts shortly after the open if the market gaps lower and try to reset them again sometime next week.
Watch out below!
Mid day pop may be over. Shorted QQQQ at 38.82 & SMH at 31.64. Will close them on a move above the intra day high set a little earlier.
2097 needs to hold or watch out below!
Sold longs bought at yesterday's close into the strength this morning for small gains. I don't think the decline is finished yet.
Not old news, they lowered their revenue guidance further citing a weaker than expected December. lowered guidance from down 5-8% to down 11-12%
XLNX warned. Did the same just a mointh ago.
Maybe not, weak futs this a.m. make me think decline is not over and more selling later today and tomorrow before a decent bounce into next week.
2100 held. Covered more shorts and added longs at the 2108 close.
Covered 2nd 1/3 SMH at 31.42.
Thanks, but I'll still wait for sub 2100.
Oversold by what measure? It is nearly 10% above it's 200 SMA.
I'm waiting for sub 2100. Although I just covered 1/3 of my largest short position. (SMH)
Thanks, but I think I will wait.
What buy signal are you getting? TIA.
Agreed SM, eveybody is guessing here. Some just guess better than others.