Replies to post #1179 on Marvell Technology Inc (MRVL)

[S2_take_us_there]

The market has gone up 330 (2012 to 2243) points since the last decline in Jul. IMO, a pull back of atleast a 100 points is expected. If you look at the history of NAS, except for the bubble, every 300 or so points has called for a recoil of 150. Then it bonces to higher high if bullish or bounces and then goes lower.

IMO, I expect a 100 point drop before it rises above 2375.

[peacecorps]

Despite the claim of record of public shorting, I think the majority is long. So it is hard to say which is the 'herd'.

This kind bull run I've only seen only twice, one is the bubble era, and one is after Iraq war started. So if you think this rare event is 'for granted', well, good luck.

High indeed is not a good reason to short, that's why I don't worry about RIMM and GOOG.

So far the bulls has played a good poker game, but there are still cards to draw and I can wait for a few more days.