Thursday, August 10, 2006
Closing Comments
Well, I got manhandled on my ATHR short and quickly fell being on my BRCM short. However, I still believe the market will run into technical resistance soon and the SOX will dive to 390.
On the flipside, should the SOX bust through 430 on strong volume, I will likely cover my shorts and run naked through the busy streets of Manhattan.
All in all, if you are a bull, today was a great day. The semiconductors, retailers, transports and financials all showed leadership.
Energy was the big loser today, with XOI index down over 1%.
Tomorrow, I intend on buying some select oil stocks, on dips if possible, and possibly adding to my darn ATHR short-- which was up today because their biggest customer UTSI shot up over 12%.
At the end of trading, the following stocks had notable upside moves:
OATS, FIZ, URS, ASEI, LLL, SHI, CPST, FUEL, ESRX, MDRX, TGT, URBN, FD, LSCC, ATHR, IMX, RIMM, PXLW, TSM
On the flipside, should the SOX bust through 430 on strong volume, I will likely cover my shorts and run naked through the busy streets of Manhattan.
All in all, if you are a bull, today was a great day. The semiconductors, retailers, transports and financials all showed leadership.
Energy was the big loser today, with XOI index down over 1%.
Tomorrow, I intend on buying some select oil stocks, on dips if possible, and possibly adding to my darn ATHR short-- which was up today because their biggest customer UTSI shot up over 12%.
At the end of trading, the following stocks had notable upside moves:
OATS, FIZ, URS, ASEI, LLL, SHI, CPST, FUEL, ESRX, MDRX, TGT, URBN, FD, LSCC, ATHR, IMX, RIMM, PXLW, TSM
Comments:
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my name is trinh.
been reading your jim cramer alerts blog, which led me to this one.
i "manage" money too, if you can even say that.
not a lot, just about 25k, still learning things.
keep up the good work.
been reading your jim cramer alerts blog, which led me to this one.
i "manage" money too, if you can even say that.
not a lot, just about 25k, still learning things.
keep up the good work.
# posted by 
: 10:28 PM
: 10:28 PM 
hey what do I know but I kind of like your present format: actual paragraphs of thought-out opinions. The stream of consciousness stuff with the other guy was kind of too much "stream" and not enough "consciousness", you know ;)
I think ATHR could have bottomed. UTSI-hatred is in and PAS refuses to die anyway. Valuation isn't horrible (now...) and they should cleanup on retail WIFI. Lehman will upgrade on valuation and the next hint of strength in PCs once the PAS fears have receded.
I think ATHR could have bottomed. UTSI-hatred is in and PAS refuses to die anyway. Valuation isn't horrible (now...) and they should cleanup on retail WIFI. Lehman will upgrade on valuation and the next hint of strength in PCs once the PAS fears have receded.
# posted by : 9:12 AM
: 9:12 AM
Thanks Jerome!
In my opinion, ATHR will follow the SOX. And, I believe the SOX is overvalued.
Understand, I am not a long term bear- just a trading bear.
I will likely turn uber-bullish near fall.
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In my opinion, ATHR will follow the SOX. And, I believe the SOX is overvalued.
Understand, I am not a long term bear- just a trading bear.
I will likely turn uber-bullish near fall.
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