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Re: redwood post# 197951

Tuesday, 01/27/2004 10:50:20 PM

Tuesday, January 27, 2004 10:50:20 PM

Post# of 704019
If we get a real weak period ere, the trio I mentioned to Larry and add to that some other semis. The trick is that they are approaching important support. For instance, CCMP printed a new low for the last six months today, if it takes $45 tomorrow, I'll be out and I think the stock could rapidly drop another $4 or so to $41, and maybe even make a new yearly low under $38. In a bad market here, JNJ and MRK are vulnerable to about $5 to $7 drops respectively. JCOM could still take out $21.50 and drop to the $17 area, QLGC has weakened and could drop first to $41 and maybe even lower. I am not a shorter, but if you short, make sure you use rational stops and try and get a ramp into which to short.

AZH

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