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It looks like I have a few more minutes. Rick had suggested that I cover
these losses and move on. After taking a break over the weekend, I have
decided that this is not the time to be covering any of these shorts.
Well for one you should never cover a short on a run up. If it is going
to be a loss then cover it while the stock is taking a breather. Also
the market is due for a correction, so it doesn't make sense to cover
any of these until a correction is over with. I also believe that we are
not going to get a rate cut on the 17th of November. This will also drag
on the market a little. So in a nutshell now is not the time to cover.
As far as AMAT there is a pretty good stochastic divergence and past
experience tells me that the stochastic eventually wins. Also AMAT comes
out with earnings around the 17th or the 20th of November. So it is
worth waiting at least until then. to make any decision.
KEA is a little bit more bothersome to me because they are fundamentally
a better company than NWAC and AMAT.
NWAC I had explained earlier.
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