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Thursday, September 10, 2009

SWKS

I have a feeling my posts today are going to be tinged with a touch of sarcasm, so I will try to keep it to a minimum. It's hard to bellieve what I have been seeing on the charts. SWKS is one that actually has a 50dma that is not going nearly straight up. SWKS is another semiconductor stock that went up on "guidance", meaning the insiders want to sell before earnings so they pump the stock prior to earnings. This thing is so far above the 200dma it's not funny, and when it comes down, it's going to come down fast.

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