SUNW pasues right at 4-4.5 support area. The selling has slowed down. I think it will rebound from current over sold condition.
SUNW
Tag Archives: Sunw
Down down down …
Things have turned worse. SUNW broke down from early attempt to break out at 6. The downgrade to junk status from S&P on credit rating didn’t help either. SUNW is seeking support again around 4.5. I’m adding more. I also opened a position in LU.
SOHU failed to test 30 and it’s been moving downward ever since. Next week will be option expiration week, we shall see more volatility. I failed to close some positions on SOHU due to lack of time following it closely. Since there’s no much time value left anyway, I’m holding it until expiration.
NDX
As expected NDX retreated right from 20SMA intraday.
Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).
NDX
As expected NDX retreated right from 20SMA intraday.
Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).
Inflation
The CPI rise and Japan’s terror alert obviously spooked the market a little.
Curent Position: SUNW: -0.30 (added more); LFC: +0.86; CHN: +2.03; SOHU Mar 30C: -0.10 (added more).