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Analog Devices, Inc. Message Board

  • dannynguyen76 dannynguyen76 Feb 26, 2013 2:54 PM Flag

    Bake, are you buying CRUS today?

    Market turn around but CRUS still in RED. Thought?

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    • I was short, and covered, but I didn't buy. It's turning back down again, so wait for it to turn before buying. Also, think about the date. Friday is last trading day of the month. We have this phony sequestration coming. Don't know what the politicians will do. We are at their mercy. I wouldn't be holding long positions here. Market sentiment changes daily. Home Depot set the tone this morning with good earnings, but all that will be forgotten tomorrow. With CRUS, you always have to be ready to change your direction. It's pretty low now, so it's pretty safe "long" position if market holds up, which is the problem. Volatility this week is extreme. Good for traders, but can drive you crazy too. That's one reason I did UGAZ today:immune to politicians.

 
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