it moved up to 32.67 and pulled back..i like the base it had formed(intraday..with a stop just under 32.25...if i'm wrong,i'm wrong with a very small loss..upside to 33 and then 33.50..semi's are strong today on ADI's report last nigh(which was'nt that good).however,it was good enough to cause a short squeeze in the semi's and i like slab HERE..especially on a break of 32.70... hitman
just sold at 32.46..even as the naz is making new lows,slab is looking strong..i had to sell for a .11 profit on 700 shares..ridiculous.perhaps,but i cannot be long semi's with the mnaz making new intraday lows..also,i do not like this ugly reversal today..its all about risk management..let it go higher.i have to stick to my discipline.. hitman