http://bigcharts.mar...&mocktick=1.gif
All TXN has to do to prove it can go higher is do 200M shares by month's end... 5 trading days. Nice risk/reward setting up to short... They did a nice job of beating reduced earnings estimates today.
TXN 5 years locked in a trading range.
Started by
SemiBizz
, Apr 23 2007 05:44 PM
3 replies to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 23 April 2007 - 05:44 PM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
n83
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- Traders-Talk User
- 1,086 posts
Member
Posted 23 April 2007 - 07:25 PM
ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ
(goes for many techs..)
#3
arbman
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- Traders-Talk User
- 19,504 posts
Quant
Posted 23 April 2007 - 08:25 PM
Yes but first the megaphone is getting completed with a parabolic rise...
#4
hedgehawk
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- Traders-Talk User
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Posted 23 April 2007 - 09:15 PM
http://bigcharts.marketwatch.com/charts/big.chart?symb=txn&compidx=aaaaa:0&ma=0&maval=9&uf=0&lf=1&lf2=2&lf3=4&type=4&size=2&state=15&sid=4860&style=320&time=12&freq=3&comp=NO_SYMBOL_CHOSEN&nosettings=1&rand=3080&mocktick=1.gif
All TXN has to do to prove it can go higher is do 200M shares by month's end... 5 trading days. Nice risk/reward setting up to short... They did a nice job of beating reduced earnings estimates today.
Yes they cut capital spending by $40M from previous qrtr and by $230M yoy so they are cooking the books. I agree good risk / reward short at this level @ $35.50.
