If you're short, I'm the sucker going long....: descending

Tuesday, June 9, 2009

target 93.50....

If I were brian shannon, I'd say your 5dma is 94.25 and pointed down.

Tony said...: 94.11 is pivot. S1 is 93.04. I have no feel for where this is going, but trading below vwap smells negative.

TXN still holding up... no apparent trade-the-news yet. MRVL up 10% !! Could be a momo to short is this breaks down??; June 9, 2009 at 10:57 AM
Eric said...: if I said the fundies long term for semi's is good...

is that good enough reason to go short...

I don't really know...; June 9, 2009 at 11:39 AM
Tony said...: Doesn't appear to be much sell-the-news on semis.

Base metals strong too.

Transferred some gold miners to Treasurys, just on valuation. Keeping gold metal, tho... I may get a bag of silver dimes for the bomb shelter just in case.

Your gal, Missy Francis, is wrapped a little tight. What's her deal?

Is Becky Jarvis trying to be John Bogle TV girlfriend, ala Becky Quick and Warren Buffett?; June 9, 2009 at 11:56 AM
Eric said...: you are on one today, aren't you...; June 9, 2009 at 11:59 AM
Tony said...: Been on CY, a position I trade around. I've been in and out of MRVL, but at the moment I'm out-- DAMN! (Another instance of trading too soon.)

Tomasulo talking up SMH. He likes SMH but not INTC?!! WTF? SMH is 24% INTC, 14% AMAT and 19% TXN. Of all the ETF's this one is not worth buying, IMO. Tomasulo's reasoning is flawed. 60% of this ETF is three companies.

I like the smaller players in this sector.; June 9, 2009 at 12:56 PM