silicon image inc
#1
Posted 10 February 2007 - 09:29 PM
http://stockcharts.c...i=0&r=9654&.png
will be like pxlw whose ipo was the best bullish trade i could do during the bear market
http://stockcharts.c...i=0&r=9654&.png
#2
Posted 10 February 2007 - 09:48 PM
It's the illiquidity, stupid !
#3
Posted 10 February 2007 - 10:31 PM
Don't you need some debt to go to ch11?
BTW, can you take a look at the gold/silver sector? Everything I am seeing in the charts suggests lower, not higher, prices for gold. Equities are bit out of whack with metal. Leading equities like HMY are not leading any more. In silver, CDE is in the slump, while PAAS is flying. Too many divergences.
Lower gold=higher dollar, signs of a liquidity crunch?
What is your opinion of the sector?
they have a gigantic tax debt they are trying to pay for some time...
Regarding Gold, it should normally go down if the broad market falls off the cliff but I have a feeling we may visit the highs after scaring weak bulls... We do have the right configuration overall to keep going substantially lower but there are missing parts. So I think after visiting SPX 1405-1380 area, another divergent rally may put the last nail in the coffin, it would be better if we got more weakness in breath but it is not a must. Crash of 87 came on collapsing dollar, so we may be surprised about gold this time.
Of course these are all distant thoughts at the moment, we will have to see the market action first.
On gold futures chart, looks like gold topped out on friday, at least for a short term....After this coming correction or sell off, if it rallies and breaks out, the next stop is around 695
#4
Posted 10 February 2007 - 10:44 PM
So I think after visiting SPX 1405-1380 area, another divergent rally may put the last nail in the coffin, it would be better if we got more weakness in breath but it is not a must.
If that happens, your strategy (keep core spoos and trade NDX/RUT eminis) do not make sense to me. If NDX maintains its leadership, most likely NDX will not reach last week's high, but SPX can overshoot its high, but maybe on lower breadth. If SPX shoots to 1473, will you get stopped out from the spoos, or will you hold it at loss because it is part of the overall trade SPX/NDX/RUT futures ?
But I agree it is too early to speculate on these, until the market shows its hands.
Edited by greenie, 10 February 2007 - 10:45 PM.
It's the illiquidity, stupid !
#5
Posted 10 February 2007 - 10:59 PM
#6
Posted 11 February 2007 - 10:07 PM