Replies to post #2005 on QID - QLD TRENDS (fka )

[J Kirksey]

SOX came close to breaking Oct low of 418.77, but held
given major indices - NDX especially did not collapse gives a good indication of a bottom.

Move in MSFT shows PC sales expected to be very good - China.

Best stock IMHO is BRCM down 10 points based on CNXT news - has nothing to do with BRCM itself!!!!!

I have loaded up on the following calls for Aug
BRCM 40 1.50
KLAC 40 1.50
MXIM 50 1.10

Also hold other issues and other strikes - but these are primary positions.

[ReturntoSender]

The SMH may have to trade below an RSI of 30 on this chart before we can be sure we have a bottom:



JMHO, RtS