Replies to post #3160 on Marvell Technology Inc (MRVL)

[SyndicateTwo]

Hey Randy, how many times here have I trashed McClellen for being dead wrong. What I was referring to was his latest model that said a short term top March 9th to 12th, then a final low around March 26th. I was commenting on the short term top here.

What are you talking about me changing my charts after the fact? I just re adjust them to reflect the current situation of the time.

I know you're pissed and so am I. I thought that one of the many other times it ran to $21 it would finally breakout. That's what you're pissed about and so am I. But in retrospect, I can only guess that the reason for the lack of momentum in pushing this higher and breaking out has been this damn options probe not being completed. The company is obviously growing and growing as per their last earning's CC. Go read it on SeekingAlpha. It's all there transcripted. You can only come to the conclusion the company is kicking ass.

But, here we are in a deadlock with the option thing not being completed and no other catalyst out there especially with the $SOX being held back. Pull up a chart for the $SOX and you'll see that the entire index looks just like MRVL's chart. It's like 1.2 steps forward and .7 steps back. It wants to go up, but just doesn't have the energy to do it.

Right now, we're hitting the low period for the year. Remember 2005? April was the low. 2006? July was the low. You get the yearly lows typically between March and July. Many think Oct, but that's not the case.

The good thing is we're getting it now. So, in a month, this will all be history and the market will be rocking. This is not a time to short.

MRVL will do just fine. The Jan 09 $10 calls will make you a ton. But you never can call the bottom and you're never going to time the top.

Nasdaq is down 45 points right now along with the DOW down 200. We might be getting this last selling out of the way a lot quicker than many think.

I also think that anyone who expects rate increases like I thought might happen before all this subprime mess came to light and the market drop can forget it. The Fed now has to cut rates and most likely in May or June. The signs of that will be the catalyst.