2:00 short covering is completed SMH, KLAC. NSM the buy was at 43 (our buy trigger) nice move through 44.20 second day in a row. No shorts suggested but NSM is a nice play from 43 for an easy $1.00 gain. April 45 calls suggested for a continuing play as well. SNDK is used up for now as we recommended yesterday. Take those profits and RUN any position of course left over moved up a bit this morning but by 10:00 it was a SHORT THE SPIKE high as well as the SMH and KLAC. No reason to let profits erode and hold losing positions. Still wholly unimpressed with semis (except this one for a nice 1 point gainer daily) great short the morning upside as the SMH hit our intraday target. 2:00 reversal period shorts covering their SMH and KRAP (I mean KLAC) short positions.
Chat room update also in the 3:30 time area suggested to pick up NSM after the pullback and HEALTHY PAUSE in upside
Fri Mar 26 15:21:24 2004: jenna - NSM looks good here as well again Fri Mar 26 15:21:42 2004: jenna - why go for garbage? when everyone likes NSM and its dow leader?
Intraday update Friday: Mar 26 2004, 02:43 PM NSM buy stop or alert above 43 -
Healthy pullback in NSM might be over by early next week.
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