Thursday, October 25, 2007

Simon: Case Study - SMH + AMAT





with SMH having a head and shoulders move and well under performing the major indexes, i decided to take a look at one of its biggest components, AMAT. looks like a good PUT play but with fed speaking next week and small downside potential, i will most likely stay out of it for now. if you are hoping to trade, buy SMH on the downside and hold until it breaks the stop at 35. unsure if i will buy in.

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