AI
Tuesday, March 23, 2004 12:29:56 PM
COMPX, KKD chart prepared last night, any bounce off 1900 will probably be shortable as well. Our strategy remains for day #2 SHORT the rally or at least hold wider stops for shorts, they are adding up now and day 3 of our KLAC/QLGC/MXIM/EBAY/AMZN shorts and puts. (I didn't pick up QCOM puts just held some short figuring I'd be out by 10:00 and lo and behold I'm still short QCOM ( I need a sticker for the car) Not afraid to short QCOM or EBAY. I do have my finger though on the cover trigger with a mini double top as resistance in case it decides to continue up) KLAC is like KLIC short every rally, but not QCOM.
We know have shorts across sectors (builders, hardware, semiconductors, wireless, brokerages restaurants) A short in every major sector and taking them home again tonight (at least 25% as much as 33% with instructions and at 25 to 50% of the puts depending on how new the position)
KKD target is 30 now I thought it would have a dead cat bounce today but the next support area is shown in the chart. KKD was a swing short but unfortunately it went along with the March puts!
KKD hit the lowest low level of support here.
We know have shorts across sectors (builders, hardware, semiconductors, wireless, brokerages restaurants) A short in every major sector and taking them home again tonight (at least 25% as much as 33% with instructions and at 25 to 50% of the puts depending on how new the position)
KKD target is 30 now I thought it would have a dead cat bounce today but the next support area is shown in the chart. KKD was a swing short but unfortunately it went along with the March puts!
KKD hit the lowest low level of support here.
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