Thanks Fred- actually I like ALOG alot and always played it from the long side.. Its really just a trade to catch downward momentum if the markets fall in the next few weeks which is pretty much the way Im going to be playing my positions aside from a few longs during the day.
Just seems like ALOG is finally doing what the rest of the sector has over the last few months, and lately with my shorts Im hitting companies that are selling on positive news like ALOG is now.. I figure this week should be critical to see if it can rebound and get above 45..
oh well.. just a trade though.. Just like NVDA, if they fall enough ill go long. Maybe im just bitter that I missed the runup in ALOG : )
I just looked at the chart again and funny thing- im not a tea leaf reader, but isnt that a cup/handle formation? Implying that ALOG can really explode to the upside here? see- now you got me nervous!