9 replies to this topic

[SemiBizz]

And here they are in simultaneous Puke Mode...



Simply MRVLous... NOT!!

http://bigcharts.mar...&mocktick=1.gif



Then there's AMD (All My Dough, as in they lost it)

http://bigcharts.mar...&mocktick=1.gif



Then there's BRCM (Be Real Careful Mortimer)

http://bigcharts.mar...&mocktick=1.gif



Looks like tax-loss bloodletting to me. I can only conclude one of two things is going to happen starting next week. FracMan's Freaky Fractal is one outcome, and the other is they won't be able to get enough of these 3 little piggies...

Edited by SemiBizz, 29 March 2007 - 10:36 AM.

[Mr Dev]

Are these still following your SOX bullish spring set up post yesterday based on volume, or does todays volume negate yesterdays spring set up?

[SemiBizz]

Are these still following your SOX bullish spring set up post yesterday based on volume, or

does todays volume negate yesterdays spring set up?

It's still a spring setup on a lighter volume basis on SMH.. today we break the high volume low of 9/21/06 (33.44 on 38M) Today we'll be about 1/2 that volume. My stop got hit... This is either next week's story or volume comes in and finishes it off...Overall volume is not that high but you know the story on tax loss selling, the Market Makers withdraw liquidity and you get raped if you have to sell. Some of the funds are in that position. Especially on those 3 names above. Fundamentals aren't that good either, but that's a useless argument...

[Mr Dev]

Well maybe this mornings gap was all there spring there is for now. Wondering how well a spring setup like that works,..... if it is counter trend trade. Keep us posted

[SemiBizz]

Well, as I said above we either Frac Out or they'll have to buy this group next week. Keep this in mind though. SOX did not test 2007 lows yet... 449. Everything else has... To me, the Nasdaq is either going back to 2251 here or advance to 2619... Should we close tomorrow end of quarter under previous 2007 low of 2394 that's going to be an indication that next quarter will get ugly...I think jury's out and it's going down to the wire here on that front...

[ed rader]

ONNN semi is giving it up bigtime too . ed rader

[Randy]

Semi Regarding "tax loss blood-letting", recognition of a loss now affects 2007 not 2006 taxes due this April. I see no relationship here. r

[SemiBizz]

ONNN semi is giving it up bigtime too .
ed rader

Yep, filling another one of those "breakaway" gaps It's lighter volume though. We either see a big deluge of volume come in and thrash these things now or they'll be buying them next week. Look how the 3 from the Hall of Shame compare to it though...

http://bigcharts.mar...&mocktick=1.gif

[ed rader]

Semi
Regarding "tax loss blood-letting", recognition of a loss now affects 2007 not 2006 taxes due this April. I see no relationship here.
r

SB has a pretty good grasp of the sector but so do the people i know....who say that once looked at first like a simple cycle top is now looking like something more ominous .

ed rader

[SemiBizz]

Semi
Regarding "tax loss blood-letting", recognition of a loss now affects 2007 not 2006 taxes due this April. I see no relationship here.
r

Yeah I could have phrased it better. But the bottom line is the same, raising cash to pay taxes next month, selling losers...