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Another major shorting opportunity


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#1 A-ha

A-ha

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Posted 22 February 2007 - 01:36 PM

There are bunch of stocks in Semis that have been distributed every time they poped the indices.
Once broken, it is broken. They sell them on every opportunity they get.

Todays was another such day for some of them... SLAB was one of them. Today's strength in Semis push the stock to test the broken bottom line and they unloaded even before noon...

Stock is still up fractionally but it shall not stay here for long.

SLAB will dive perpendicular once this Muppet show is over. SLAB will test 27 immediately after the market goes loose.

I am short this from September and I had posted it on my blog that time.

Chart pattern significantly similar to OVTI , another one that I shorted in September and which got decimated significantly.

But it is not the chart pattern only, SLAB has major fundamental problems like most of the Semis, and they are not going anywhere anytime soon.

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