ADI and the dot com crash
#1
Posted 23 May 2007 - 04:03 PM
#2
Posted 23 May 2007 - 04:14 PM
#3
Posted 23 May 2007 - 04:16 PM
I remember trading the dot com crash, and one of the first stocks to roll over was ADI. Too funny to see it drop 10% today-just as I complete taking my short positions. No, this isn't a similar crash coming, but I think the depth of this correction will shock and awe the perma-bulls, none the less. I think some quite volatile days to the downside lie ahead, and that the breadth (negative) and volume-will be much more subtantial than they have been on the helium inspired move up. Good trading to all.
Spooky
I seem to remember that as well so I looked up the history on it, sure enough on 3/7/2000 ADI did rollover and the Nas went down that day also and the next one before a 500 pt run from there to THE high. We live in interesting times, but not THAT interesting, for sure....
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.
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#4
Posted 23 May 2007 - 05:32 PM