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Here is a detailed analysis of my long strategy on these two tech names. Weak order guidance at Fortinet (FTNT), Mellanox Technologies (MLNX) and Check Point Software Technologies (CHKP); EPS whiffs at Microsoft (MSFT), Google (GOOG), IBM (IBM) and ...
Portfolio Manager David Peltier analyzes the sharp decline at chipmaker OCZ Technology.
The last time the Arms Index showed these readings was in March, at the highs of the year.
While I'm taking some shots on the long side, a bigger corrective move would be constructive.