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jpar

08/19/02 7:38 PM

#17084 RE: Rich1 #17082

tsem not a good choice.I used to play it when it was tsemf an Israeli company.The low volume, bid and ask spread will kill any profit.

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jdaasoc

08/20/02 12:46 AM

#17182 RE: Rich1 #17082

If we gap at open I pull some speculative longs off table looking for some pullback. I think next 2-3 weeks still look like we go up but shorts will pull trigger more frequently as we go up higher. No doubt when the street returns by Labor Day they will be able to play both shorts by making them cover on high volume rallies and whipsaw the longs into no profits on their long calls with some nice day long selling sprees.

Going to be some good trading conditions coming up. I got to get patience not to short squat until at least another 10% on the upside or establish new long plays unless we selloff somewhere between 5-10%.