AI
Monday, March 29, 2004 2:36:39 PM
SNDK I think this pulls back. The buy was 26.85, nice gap 'n snap but looking a little hefty in the 29 area, time to take a profit or sell more incrementally leaving maybe 20% at the very most. Although our next key resistance is 29.50 its not worth holding more than a 1/5 for possible riding through downside and this ride IS AT A PROFIT and not averaging down at a loss.
Folks who enter late get less profit and also might be stuck in a profit taking sell off. At this time our SNDK play is pretty much OVER! SNDK NTAP and QCOM were the troika we liked long and NSM buy trigger was reset at 43. TIMING IS EVERYTHING knowing to exit at a BOTTOM and SELL at a top and not the other way around.
Folks who enter late get less profit and also might be stuck in a profit taking sell off. At this time our SNDK play is pretty much OVER! SNDK NTAP and QCOM were the troika we liked long and NSM buy trigger was reset at 43. TIMING IS EVERYTHING knowing to exit at a BOTTOM and SELL at a top and not the other way around.
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