ARM Hldgs.(ARM)...

Riz

Experienced member
1,266 5
Hehe..wishful thinking not working, I cant find anything to short today, well at least not so far :)

Riz
 

shelman

1
439 1
Pity we've got the bank hol on Mon.
I thought 350 was possible earlier in the thread and still do but the spread on tuesday could be prohibitive for big profits. On the other hand Arm must be getting into dangerous overbought territory so maybe its best to see what the US does Mon. I,m still out having last sold at 299... what a clot... don't you dare laugh Riz.
Steve
 
from just a charting point of view I feel that 400p is a distinct possibility - it would make a measured move up from 200p with a nice bull flag half way...
 

Riz

Experienced member
1,266 5
Hehe..

Sorry Steve, I really did try not to laugh as you asked, but couldnt help it, every time I open this thread I smile like this :)

Let's first read this:

Semiconductor stocks also plowed higher after Philips Electronics CEO Gerard Kleisterlee told a news conference that he believes semis are trending toward stabilization, if not an upswing.

"The decline of the semiconductor market has bottomed out," Kleisterlee said, speaking at the IFA consumer electronics fair in Berlin.

The Philadelphia Stock Exchange's Semiconductor Index soared 34.54 points higher, or 6.16 percent, to 594.91.

Now, ARM jumped from 200 to well over 300 on its merits when semiconductors were downgraded day in day out...so one should easily imagine where they may head on such positive comments on semiconducters and markets in general...

Anyway we're preapared arent we? BUY on the dips, remember?

By the way Steve I saw Sir long on ARM in the chartroom speaking in praise of its strength, looks like you and Mark lost in that respect too :)

Riz
 

shelman

1
439 1
My feeling is there will be a chance to get in on an intra day dip tomorrow a.m. but i've still got LOG running so my brain may overload ... not difficult after a boozy bank hol weekend.
Good luck guys

Steve
 

Riz

Experienced member
1,266 5
I can imagine who'll be chasing after ARM tomorrow :)
Hope you had a nice b/h, Steve...US markets ended up -ve, that might give another chance to get in arm at a bit lower price...

Riz
 

Riz

Experienced member
1,266 5
Chip designer Arm Holdings could prove to have muscle if there is an upturn in the semiconductor market according to ‘The Investment Strategist’ in the Daily Express. He says the shares, 318.75p, should reach 380p.

Riz
 

shelman

1
439 1
Still pulling baick now 306/309 ... i'm not sure ... so when in doubt :)
Seve
 

Riz

Experienced member
1,266 5
Yes, I took my advice and watched for a while...so the question now is whether 277 low enough to get back in and what the new price target can be...

As Sir has put his bear hat back on we can easily gues he'll be predicting 200 to 250...only if he banks on his prediction and we witness a reaction/recovery rally next week, he may have some problem pocketwise :)

US will be closed on Monday, I think UK can neither start a rally nor a tank without the US...so it will probably be flat to slightly positive, and so will ARM be...

This of course will leave us with another question about the sentiment in US on Tuesday to use as a guide to trade ARM...we need Steve to answer this question:)

Riz
 

shelman

1
439 1
Although the status quo will be maintained on Monday i feel certain an opportunity to go long intraday will arise. I had a small success on Fri ( beer money ) and think Mon will be the same. I've just been waiting for the upward momentum to start slowing and getting out quick, same thing with LOG, i keep kicking myself for not hitting the intra day top but at least i'm not getting burnt.
I just wish Sir would let me know when he is going long or short so i can do the opposite :)

Steve

only kidding Mark hehehe
 

Riz

Experienced member
1,266 5
And for those intending to long ARM longer than intraday, I'd suggest to watch 267 and get out if broken down, any bounce above that level will indicate that there is still strength in ARM...

Riz