AI
Monday, February 23, 2004 11:58:42 AM
ELX Awesome! 
However this poor trader keeps buying the dips!
awesome target was 25 now its 20. Today's dip (drowning is a better word!) is what happens when companies get ahead of themselves before EPS reports. ELX one of the longest play puts plays and now I expect 20 by end of this month (if not we'll keep shorting rallies little by little). SEMIs terrific today we called the SHM puts a few hours ago and from having CCMP and SNPS as our "lead" clients for downside it was natural moving onto the other semis KLAC, SNDK etc. SHORT THE RALLY is still our strategy Howver there was no real rally, we didn't have to wait more than 5 to 10 minutes to get the SMH below the 50 ma and 20 ma and much of the other techs. We didn't even need the 3 or 4 bars of upside.. ONE bar and that was it.
However this poor trader keeps buying the dips! awesome target was 25 now its 20. Today's dip (drowning is a better word!) is what happens when companies get ahead of themselves before EPS reports. ELX one of the longest play puts plays and now I expect 20 by end of this month (if not we'll keep shorting rallies little by little). SEMIs terrific today we called the SHM puts a few hours ago and from having CCMP and SNPS as our "lead" clients for downside it was natural moving onto the other semis KLAC, SNDK etc. SHORT THE RALLY is still our strategy Howver there was no real rally, we didn't have to wait more than 5 to 10 minutes to get the SMH below the 50 ma and 20 ma and much of the other techs. We didn't even need the 3 or 4 bars of upside.. ONE bar and that was it.
Discover What Traders Are Watching
Explore small cap ideas before they hit the headlines.
