the 4 horseman strong
#1
Posted 02 November 2007 - 08:42 AM
#2
Posted 02 November 2007 - 08:55 AM
Edited by ogm, 02 November 2007 - 08:56 AM.
#3
Posted 02 November 2007 - 09:01 AM
Not for long.
As I thought, ISRG will crack first. Look at it go now.
That turd BIDU is also looking pretty silly with 2.8 PEg and 100 forward P/E here. But I guess it had to gap up to 400 before cracking.
AAPL and GOOG will probably not crack seriously till the very end.
OGM,
you long any semis...
just went long smh 33.90
#4
Posted 02 November 2007 - 09:07 AM
Not for long.
As I thought, ISRG will crack first. Look at it go now.
That turd BIDU is also looking pretty silly with 2.8 PEg and 100 forward P/E here. But I guess it had to gap up to 400 before cracking.
AAPL and GOOG will probably not crack seriously till the very end.
OGM,
you long any semis...
just went long smh 33.90
Only INTC and SPRD. And frankly I'm concerned about INTC here, but its my LT position. SPRD just a momentum play from yesterday. Was green on good earnings report while the market was tanking. Thats why I picked it up. Plus its Chineese company... they are immune, you know...
I'm short ADI, LLTC and BRCM though.
Semis are in deep downtrend. Momentum is down on just about every timeframe. They can bounce of course, but the trend isn't looking good.
I think SMH is making a bear flag on daily and is about to crack to lower lows withn a few days. Maybe even today, for what I know.
Edited by ogm, 02 November 2007 - 09:08 AM.
#5
Posted 02 November 2007 - 10:35 AM
Edited by SandStorm, 02 November 2007 - 10:36 AM.
#6
Posted 02 November 2007 - 11:18 AM
#7
Posted 02 November 2007 - 01:09 PM