SNDK - good short or long candidate?
#11
Posted 28 January 2007 - 08:25 PM
#12
Posted 28 January 2007 - 09:06 PM
I have made a note for fun, greenie, of Friday's close on Q's and on SNDK..and will report % gain or loss every six months..next in August let's say. You are betting on both going down between now and then it appears. I hope I can buy the Q's someday between 34-36...I hope you are correct.....of course, things change I may not ever like the Q's for a swing trade again.
Sure hiker. I am not taking any position on SNDK (missed the best short entry few days back), and instead I shorted ATVI two days back when it broke the uptrend line on volume and failed on retest. Also, I have Qs short as I mentioned. We can compare every three months about how the trades are proceeding. I will post here, if I close or get stopped out on Qs.
Edited by greenie, 28 January 2007 - 09:09 PM.
It's the illiquidity, stupid !
#13
Posted 28 January 2007 - 10:14 PM
I guess you missed this part...SemiB speaks only to the potential downside.
either the chips are going to come back as a group and take SNDK back up or they are going lower and SNDK is going to fall under 35 and head for the lower gap.
So, the way I see it is related to the group. If the group continues the dive, SNDK can be expected to outperform the group going down. Of course, if the fund managers get over their paranoia about semiconductors then SNDK can be expected to outperform on the upside.
Overall though, I emphasize Caution regarding buying these chips based on the 3 C's
1 Convergence
2 Consolidation
3 Consumer weakness
Keep in mind, the future is not MORE semiconductors, it's going to be LESS per capita as new offerings converge old products for example like handset, PDA, browser, pager and camera into a single unit... and as new advances in VLSI allow chips to be consolidated to a smaller number of chips per final product.
Edited by SemiBizz, 28 January 2007 - 10:17 PM.
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
#14
Posted 28 January 2007 - 11:12 PM
#15
Posted 28 January 2007 - 11:41 PM
It's the illiquidity, stupid !
#17
Posted 29 January 2007 - 10:27 AM
http://bigcharts.mar...&mocktick=1.gif
Edited by SemiBizz, 29 January 2007 - 10:28 AM.
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
#18
Posted 29 January 2007 - 10:59 AM
Edited by SemiBizz, 29 January 2007 - 11:03 AM.
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