Third Day
Wednesday, August 18th, 2004
The third day in the NASDAQ rally has finally inspired some buying in these tech stocks and stopped us out with gains.
RSAS Breaks Support
Thursday, August 12th, 2004
This software stock tried to bounce from technical support on Wednesday but it didn't last.
Never Opened
Sunday, August 8th, 2004
This rebound play never had a chance.
Closing Before Earnings
Tuesday, July 27th, 2004
True to our plan we're closing this tech short before this software company announces earnings.
Pick an Exit
Thursday, July 22nd, 2004
Per our instructions BORL would have been closed Wednesday. If not the stock would have hit our stop loss today.
Chips Sink Again
Tuesday, July 13th, 2004
Chip stocks were trading lower after hours but we're closing this one to avoid any earnings surprises.
Tech Bounce Stops Out
Monday, July 12th, 2004
Our aggressive short on this second-tier Internet leader has been stopped.
Hammered
Sunday, July 11th, 2004
While the stock and the sector remain somewhat weak we don't want to be "hammered" by the weekly candlestick formation.
Failed Breakouts
Sunday, July 4th, 2004
With the Semiconductor group getting pummeled last week, this pair of bullish Technology plays got knocked back by the bears.
Earnings Warning Sends ELX Lower
Thursday, July 1st, 2004
We're going to close ELX tonight and exit on today's 20% drop.
Sudden Drop
Wednesday, June 23rd, 2004
With a sudden drop in cabin pressure TTEC trips our stop loss.
Broken Downtrend
Wednesday, June 23rd, 2004
With another strong performance from the Semiconductor sector on Wednesday, it's getting hard to make a bearish play in this arena and we're pulling the plug on this play before it goes strongly against us.
Time To Go
Sunday, June 13th, 2004
Posting a double top near resistance has sent us a very clear signal that it is time to vacate the premises on this bullish play before some real weakness show up.
Out Of Patience
Sunday, June 13th, 2004
We've certainly given this bearish Networking play plenty of time to show us the money, and since it hasn't been able to do so, we're removing it from the playlist to make room for some stronger candidates.
Chip Rally
Wednesday, May 19th, 2004
Continuing with yesterday's strong rebound, Chip stocks soared this morning right to resistance. That early lift was more than enough to trip our stop in this bearish play, moving us rapidly to the sidelines.
When in Doubt
Thursday, May 13th, 2004
This stock punched higher on rising volume, but then sank back below a key resistance level. When in doubt, it's time to get out. . . especially if the stop is hit.
Bear Trap Closes
Thursday, April 22nd, 2004
We suggested caution on Wednesday when CSCO dipped under support and sure enough the move proved to be a head fake.
MENT is closed unopened
Sunday, April 18th, 2004
Our latest bullish tech play is closed although it was never truly opened...
SOX weakness ends IMOS play
Thursday, April 15th, 2004
Shares of IMOS overreacted to the drop in the SOX today and tripped our stop.
We Made It!
Sunday, April 11th, 2004
Our flash memory play hit our profit target Thursday morning.
Chips Explode Higher
Sunday, April 4th, 2004
We were stopped out early on Friday with the SOX's 3.74% rally.
Bull Trap
Sunday, March 28th, 2004
Bulls that bought the apparent strength in this Storage stock on Friday were in for a rude awakening by the close, as it game back all its early gains and better than half of those from Thursday. But not before triggering our stop, we're sad to say.
Relative Strength
Sunday, March 21st, 2004
After underperforming the Semiconductor index (SOX.X) for months, this Chip stock has reversed roles and has been acting stronger than the SOX over the past week. That's certainly not the behavior we want to see in our bearish plays.
No Follow Through
Wednesday, March 17th, 2004
While this Chip stock did break support as expected, there was no follow through selling from the bears and the stock is right back near where it was two weeks ago.
Relative Strength
Wednesday, March 10th, 2004
With every sector ending the day in the red, this Networking stock really should have shown more weakness. Since it didn't, it hints at a bounce coming and it seems prudent to harvest gains here and look for a better entry point after a failed rebound.
Techs Get Wacked
Tuesday, March 9th, 2004
Our GPS play suddenly got lost in the market wide tech-heavy sell-off.
Testing our stops and our patience
Tuesday, March 9th, 2004
Short traders panicked on an upgrade this Monday and this tech short gapped higher stopping us out.
Caution Wins Out
Sunday, March 7th, 2004
Our caution is proving to be too troublesome for this tech short play that just hasn't panned out yet.
Sector Weakness
Monday, February 23rd, 2004
This Chip stock looked like a solid bullish play just five sessions ago, but with the persistent weakness in the SOX since then, the bullish glow has completely faded and the stock now looks ready to break down under near support.
Failed Rebound
Tuesday, February 17th, 2004
Last week, this Internet Retailer looked like it had found bottom and was on the mend. But with the high-volume selling frenzy that hit the stock today, the upside looks quite doubtful to prevail.
Chipper Chips
Sunday, February 8th, 2004
The bearish near-term trend in the Semiconductor sector came to an end on Thursday before either of these bearish plays had a chance to hit their triggers. After Friday's strong rebound, it is clear that a near-term bottom is in place and we need to remove them from consideration.
Chips Fall Back
Thursday, January 8th, 2004
It appears out caution on this chip stock may have been warranted as shares slip under round-number support.
Closed Before Earnings
Tuesday, January 20th, 2004
Following our strategy discussed last week we're closing the MXO play ahead of its earnings announcement tomorrow.
Time To Go
Thursday, January 8th, 2004
This trio of Technology plays has treated us well and we're going to exit stage left before we overstay our welcome.
Buyers Are Back
Thursday, December 18th, 2003
Fresh off its major breakdown earlier in the week, this Technology stock came roaring back on strong volume. It’s time to step out of the way before we get run over.
The Striped Horse Wins!
Tuesday, December 9th, 2003
We're glad the stock of this manufacturer of digital thermal bar-code printers hit our target early this morning, because this striped horse was winded and declined the rest of the day.
Broken Channel
Sunday, November 23rd, 2003
Despite holding steady above support for the past few weeks, the selling pressure was too much on Friday and this technology stock fell below the bottom of its long-term channel, triggering our stop.
What Happened?
Thursday, November 13th, 2003
Did anyone get the number of that truck? Just two days ago, this play was sitting with a nearly 8% gain and tonight we find ourselves stopped out for a loss. Needless to say, the "Buy the dips" crowd is still feeling frisky.
A Little Flag Waving?
Friday, November 5th, 2003
While the pattern produced on this stock's daily chart could be a bear flag rising into resistance, the oscillators appear far too strong for our liking. We're closing the play.
Sucker Punched
Tuesday, October 28th, 2003
This stock ended right on the verge of a major breakdown last Friday and lured us into a bearish play. That play never worked in our favor, beginning the sharp rebound right at the open yesterday.
Played Out
Sunday, October 26th, 2003
Despite an encouraging start as the "sell the news" party got underway in the other video game stocks on the heels of the ERTS earnings and split announcement, this bearish play appears ready to rebound.
Out of Nowhere
Thursday, October 16th, 2003
With little fanfare shares of HTCH shot up through resistance while the markets oscillated sideways.
Upgraded!
Thursday, October 2nd, 2003
Just when it looked like this bearish play was about to continue its downward slide, a broker upgrade arrived this morning to propel it through our stop at the open. Time to move on.
Software Sinks ADBE
Tuesday, September 30th, 2003
The weakness in the technology sectors hit the software group and our bullish play on ADBE has been stopped out.
Bye-bye Gains
Wednesday, September 24th, 2003
While things were looking good for the bulls as recently as yesterday, today's big reversal lower spells trouble for this play and rather than wait for our stop to be hit, we're taking a pre-emptive exit while there are still some meager gains available.
Close Enough.
Sunday, September 21st, 2003
This software stock moved much faster than we expected and after trading within 25-cents of our upside target, it seems prudent to just harvest the gains and be done with it.
Bear Trap!
Wednesday, September 17th, 2003
While we were a bit concerned over this stock's sharp reversal from Friday's intraday breakdown, we were a bit surprised by yesterday's strength. Follow through on that move triggered our stop today.
Failed the Test
Wednesday, September 10th, 2003
This manufacturer of semi-testing equipment performed well early in the play, but dropped on SOX weakness.
Close Enough
Sunday, August 24th, 2003
Intel lit the Semiconductor sector on fire Friday morning, but the bullishness couldn't hold and the sector fell back sharply by the close. The early bullish action propelled this Chip play to within a dime of our profit target before the weakness set it, and this looks like a good time to harvest those gains.
Stellar SOX
Monday, August 18th, 2003
Removing any shadow of a doubt as to strength in the Technology market, the SOX vaulted higher by more than 5% on Monday, setting a new 52-week high. That was all it took to put the final nail in the coffin on our failed bearish Chip play.
Woulda, Coulda, Shoulda
Thursday, August 7th, 2003
We shoulda closed this play yesterday when it came within two cents of our stop.
Failed Below Resistance
Tuesday, August 5th, 2003
After 2 weeks of failing to get back over the critical $400 resistance level, the Semiconductor index (SOX.X) looks like it may be rolling over for good. Tuesday's afternoon weakness looked very bearish and the fact that our bullish Chip play was stopped out may be a blessing in disguise.
Followed The Leader & Lost
Friday, August 4th, 2003
The early morning weakness was enough to stop us out on this tech stock.
Dim Hope
Wednesday, July 30th, 2003
While we haven't been technically stopped out yet, we're not going to wait for it to happen.
Bear Trap!
Wednesday, July 23th, 2003
Internet stocks continue their euphoric rise and AMZN's earnings just added fuel to the rocket. It appears our bearish play in the sector was premature, and we're pulling the plug tonight before our stop is hit.
Crushed Chips
Thursday, July 17th, 2003
This week's earnings reports have not been kind to the Semiconductor sector, as the SOX got sold heavily on Thursday, stopping out our bullish chip plays in the process.
Any One Reason
Sunday, July 13th, 2003
The end of the week wasn't very kind to our Internet play, especially after investors reacted poorly to Yahoo's earnings announcement mid-week.
Blame It On Asia
Thursday, July 10th, 2003
Weakness in overseas markets this morning hit the SOX sector and our long play in this chip stock. We were stopped out on the open.
Bounced Out
Sunday, June 29th, 2003
A news-free bounce has stopped us out of this tech short play. The longer-term downtrend remains.
Selling Frenzy
Friday, June 9th, 2003
What looked like simple profit taking early in the day turned into a full-fledged rout by the closing bell.
Close Enough
Sunday, June 8th, 2003
It's been a fun ride, but we can hear the fat lady warming up backstage, and it feels like it is time to go.
Busted Channel
Saturday, May 31st, 2003
The strong Technology-led rally of the past 2 days was more than the bears could stand and even the weaklings went along for the ride.
21% Is Enough
Wednesday, May 28th, 2003
This software play has been a true out-performer. We're going to close it while the gettin' is still good.
One Winner and One Loser
Wednesday, May 14th, 2003
Positive Cap-ex comments were enough to turn one bullish play into a big winner, while the lagging Semiconductor sector served to bring another one to an untimely end.
So Long, Adobe!
Wednesday, April 23rd, 2003
This software play was closed out for a double-digit percentage gain on Wednesday morning when ADBE gapped above our exit target.
Shifting Into Neutral
Tuesday, March 25th, 2003
Lukewarm brokerage comments and early weakness in the chip sector sent MXIM below our stop on Tuesday morning. We're also dropping our un-triggered play in NCR.
Two Reasons For the Bounce
Tuesday, March 18th, 2003
The rising dollar and broader market rebound pushed INFY above psychological resistance. Our short play was stopped out for a small loss.
SLAB Is Looking Rather Drab
Wednesday, March 12th, 2003
Our breakeven stop-loss was violated today when shares of this chip company continued to decline with the NASDAQ.
A Penny Too Far
Wednesday, March 5th, 2003
CMVT staged an intraday reversal this morning, but not before shares violated our stop-loss.
The Stoplight Remains Red.
Tuesday, March 4th, 2003
We never received the green light on this play and we're closing it unopened.
Chip Stocks Rally On Positive News
Friday, February 14th, 2003
Our short play in CCMP was stopped out for a small loss today when the SOX.X moved higher on bullish news from DELL and TSM.
No Bid On EBAY
Friday, February 11th, 2003
We're dropping this un-triggered play tonight. EBAY never reached either one of our entry points.
Expedia Yields a Double-Digit Gain
Tuesday, February 4th, 2003
Our short play in EXPE has been closed out for a hypothetical profit of more than 11%. Shares look extremely weak on a technical basis, but with the company announcing earnings tomorrow night it's time to cut this one loose.
Down and Out
Monday, January 27th, 2003
The Biotech HOLDRS violated our stop-loss today as shares headed lower with the rest of the market.
Pullback Comes Too Late
Friday, January 15th, 2003
TDS finished today's session with a solid loss, but not before shares violated our stop-loss.
No Breakdown, No Play
Friday, January 10th, 2003
We're dropping ERTS tonight, just a few days after it was added as a short play. The stock never reached our entry point.
Qualcomm Above Resistance
Thursday, January 9th, 2003
A strong performance by QCOM has prompted us to drop our un-triggered short play.
Close, But No Cigar
Thursday, January 2nd, 2003
TECD started off the week on a negative note and came within striking distance of our profit target. However, today's rally took the stock back to short-term resistance. Our play was closed for a gain of 2.9%.
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