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Zeev this is a excerpt from Amateur-Investors. That 1760 sounds kinda scary.
The Nasdaq currently has held support near 1915 which is at its 40 Weekly EMA and longer term 23.6% Retracement Level calculated from the October 2002 low to the early 2004 high. Another area of support to watch next week in the Nasdaq if it drops below 1915 is at its late March low near 1900 (point B). One of two scenario's are possible in the Nasdaq. Either the Nasdaq will hold support near 1900 next week and eventually rally due to oversold conditions or it will break below 1900 leading to a much bigger drop back to its longer term 38.2% Retracement Level near 1760.
MT
Starting to gain ground how about 1940 plus.
MT
This may sound crazy but I feel something major is going to happen that will move the market.
MT
Your asking me when I still have a serving from $12 etc <g> If the market runs it will run with it don't you think? I'm still in the very MINOR leagues.
MT
She has been very nice to me in the past few weeks. BLTI, Lexr and a few others I have sent to the corner with my 15 year old son.<g>
Learning the game little by little.
MT
Jumped back in ASYT at 8.27 nice discount to the 9.05 I sold for in the morning.
MT
ASYT took out balance near opening at 9.05. Very fortuate.
MT
Bear and Zeev the news on ASYT might be worth a read!
Asyst Technologies Reports Results for Fourth Quarter of Fiscal 2004; Gross Margins Exceed Guidance; Semiconductor Bookings Up 44% Sequentially FREMONT, Calif.--(Business Wire)--May 05, 2004--
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16:33 ET FREMONT, Calif.--(Business Wire)--May 05, 2004--
Sales up 74% Sequentially to New Record
MT
Sold a serving of ASYT at 8.55 for a nice 1.25 still have a serving from 8.47. WHEWWWWWWWWWWWWWW I will learn to be more nimble. The good guy GODS gave me a break. Now if I can get a break on LEXR and CY I'll be real good shape.<vbg>
MT
Wonder what HERB will say to this??
BIOLASE Opens New Manufacturing Facility in San Clemente
5/4/2004 9:15:00 AM
Jeffrey W. Jones, BIOLASE CEO and President, reported, "the company opened its facility on schedule today, fully operational and successfully producing its first lasers. The new facility utilizes the Kanban inventory system for the delivery of parts to the line, and the KAIZEN principals to improve the manufacturing processes, pursuing the world class manufacturing environment.
The operation is part of a capital expansion program to significantly increase the company's manufacturing capacity, international distribution channels and domestic sales force as previously announced in March 2004. This expansion has been necessitated by growing demand for BIOLASE's lasers and related products. The new facility is located within the same business park in San Clemente, adjacent to BIOLASE's headquarters. The building will bring the company's U.S. leased facility capacity to approximately 40,000 sq. ft., providing extensive operating leverage in the form of manufacturing efficiencies, which will help contribute to the company's profitability going forward. In addition, the company owns approximately 20,000 sq. ft. of office and manufacturing space in Germany.
Jones further commented, "With our expanded manufacturing capacity and robust sales forecast, this is going to be an exciting year for BIOLASE, both internationally and here in the United States. I feel that with the added capacity that we have in the U.S., together with the support from our expanded sales force team, BIOLASE should significantly increase its market penetration and be in a better position to support its growing demand in 2004 and beyond."
Bear BLTI earnings are out and they appear to have exceeded bottom and top line.
MT
Zeev
Semi!!!
MT
Zeev have you noticed SEMI.
MT
Zeev the trading Gods are with you the stock IPIX that you were trading yesterday is off over $3.
MT
OT
D2 enjoyed the show it was slap stick comedy. My wife loved it and made her happy for a week. Now the next week<g> Some very funny skits. Had lunch at the Stardust diner near there which was fun. Young people trying to get on Broadway sing.
I drove to Metro Park in NJ and then trained it in to Penn Station. NYC is a Zoo as you probably know.
MT
OT-D2 I just saw The Producers at the St James last week. 13th row but the retail was still $100 per. I did't pay that my Grandfather was Jewish and taught me how to buy<g> If you have a friend who works at a hotel in NYC they can get tickets about half price.
MT
ezey congrats on your trade! Is the garage on your wifes Honey Dew List if not look at the screen more you will ruin it for the rest of us. Good Luck
MT
SPROUT!!!
Zeev it appears that the fast and furious retrench is on course.. The 1993 area is holding well. I get the feeling the beginnning of this week is very important. If we hold here and go forward, great. If not OUCH!!
MT
Haup is getting fired up again
MT
Zeev I seem to do a lot better when I trade over a week or two period. I'm not quite ready to make quick choices on entries and exits. Where as if I have a little time I do much better.
This is a great site.
MT
Sold CPWR at a $1.05 profit got to make up for last week. <g>
MT
Bear excellent reply. I made the mistake of buying the falling knife in LEXR. Thought I had the bottom<g>. You as well made the mistake of buying the knife but you were smart enought to sell it right away, I wasn't. I think people on this board do a lot better then you give credit.
I've done quite well since joining here and a few thousand dollar loss in one stock is not going to make that big of a dent in my profits. I agree the falling knives are very bad practice and I guess that the GREED factor gets us all once in awhile. Learning from our mistakes is important and I think even the best traders on this board have been down the same road.
MT
Purchased some CY at 16.25. Change my luck.
MT
Sndk reiterated by two houses as a buy with a target of $40.
MT
Thank you.
MT
I thought you bought at 12 last night? Did you sell it while I was sleeping?<g>
MT
Bought 3rd serve at 12.25. Looks like it will hold in here.
MT
I lost a finger nail on my right hand.<g> Look at HAUP they are even taken her to the cleaners. This is against my code of ethics.
MT
Zeev the growth in LEXR looks excellent. I'm going to hold my positions from 16 and 16.75 and buy more after it settles. What are your thoughts. Thanks
MT
Maine I have had that happen to me as well with CRIS. I use all or none orders. It frosts my butt when that happens to me.
MT
Don't forget Lexr. Bought ASYT at 8.47.
MT
There will be a capture of someone in the next few days.
MT
Zeev QLGC got me for .76. I want to get even. When do you plan on getting back in.
MT
Zeev I went to NYC yesterday to see The Producers at the St James and you let the market fall apart. Took my .76 cent loss on Qlgc while gone. Just bought another slice of LEXR at 16 hope it doesn't cut me up. My Cpwr had a nice move.
Time to get rolling towards 2200 on the NAS.
MT
For the 6th time this year I bought some GLG. Entered at 16.71.
MT
Dold it yesterday for a 1.13 profit and look at Artx run. I thought I was doing well at 3.43 amazing!!!
MT
HAUP is starting to get fired up again. Reminds me of a guy I went to school with quiet as could be untill he got a little burbon in him.
MT
Bear that is a good point you make. It appears to me that Herb may have a vendetta against BLTI. Someone within the company probably didn't "Kiss his BUTT" the way he likes. It could as well if handled properly turn out to be lots of free marketing for BLTYI and improve the price. Time will tell
MT
Thanks so much for your reply. I have interviewed dentists from my area and they never heard of BLTI. It is nice to hear from the horses mouth so to speak.
MT