limtex.."I can only call it as I see it"..
I agree with you on that point and that's all we can do as traders is to see through the smoke screens and block out all the drum banging noise they make.
Here's a question for you, "Are you a buy and holder for the long term or are you just trying to swing a long trade and take advantage of an up move in the market" ??
Now back to calling them as we see them...
Why does John Chambers only own 1.9mil shares of CSCO when there are over 7bil shares outstanding ??
biz.yahoo.com
Why does Bill Gates file to sell shares of MSFT during historic local market tops ??
biz.yahoo.com
Why does Yahoo get an upgrade just as Tim Koogle files to sell a large portion of his total holdings ??
biz.yahoo.com
marketwatch.com
biz.yahoo.com
Why does AMZN get hit with a rumor that USA networks might be interested in buying them shortly after Jeff Bezos files to sell his largest sale of stock ever or what ever happened to the sales he forgot to file last year, but sold anyway ?? (There is an SEC investigation going on)
biz.yahoo.com
biz.yahoo.com
briefing.com
Why did ORCL receive an upgrade 8 days before they warned they would miss their estimate by a penny. (Don't give me it's only a penny) because NVLS said they would lose a "penny" less than their estimate and the market roared as if they just cured cancer ??
biz.yahoo.com
biz.yahoo.com
Why did ORCL, TXN, and MSFT wait until after the Market closed on Friday to release their not so good news ??
story.news.yahoo.com
biz.yahoo.com
biz.yahoo.com
Why does CNBC fail to mention their new found clown pushing stocks on their network ??
forbes.com
Why, why, why I could go on, on, on ??
I agree the economy is turning around and maybe we were never in a recession after all and there are plenty of good stocks that will outperform their peers, but I also know that the recent bull market was fueled by the evolution and the build out of the internet very similar to the build out of the railroads and until we get that "new euphoria era" we will never return to the days of the roaring 1990's...
This is why we have such a divergence in the DOW and the rest of the markets right now and on Thursday I posted over on DrBobs board that something didn't feel right. We had Blue chip techs and high flyers breaking down (INTC,MSFT,GNSS, etc.etc.) yet the DOW held it together for the most part, so this left me questioning would the DOW lift the techs or would the techs crush the DOW.
Do to the high level of short activity and put option contracts in the Nasdaq it wound up being the former.
Those puts got crushed on Friday and all they really need to do is walk sideways for a couple days and let the premium erode and leave the put holders hanging.
Here's a few charts that show us right up against a longer term downtrend line.
photos.yahoo.com
Just a note...You need to have a Yahoo ID to view those charts.
Good Luck to you, but I will probably be looking to get short some time next week.
Oh, and those construction numbers were do to the mild weather. What they failed to tell us is that the expectations were seasonally adjusted for a "winter", a winter that was far from seasonable.
Why are the car builders bringing back 0% financing ?? Why, because if they don't they will have to shut down plants and layoff workers and that will eventually pull down the GDP numbers. (Note to self...See if the Government is giving the auto makers some kind of tax break to offset the losses).
Why were there more existing homes sold that new homes ?? Why because that was another "seasonally adjusted" number.
With the great 4th qtr that INTC, DELL, MSFT, BBY, car sales etc.etc.etc. had, how could we not expect great GDP and manufacturing numbers.
And last but not least....KLAC is trading at an 18 month high but how come I see this paragraph in a 10-Q filing on Feb13th 2002..
biz.yahoo.com
Currently we continue to face a significant downturn in the semiconductor industry which started early in calendar year 2001. For several quarters, there has been a worldwide softening in demand for semiconductors resulting in excess capacity and reduced demand for semiconductor manufacturing equipment. Consequently we experienced declines in both revenue and bookings in the second fiscal quarter compared to the prior quarter.
Despite the market fluctuations, our financial position has remained strong and we continue to have no long-term debt. In response to the downturn in the semiconductor industry, we have implemented initiatives to reduce costs and control spending. However, we continued our new product development by investing in leading edge technologies and by strategic acquisitions and alliances. These investments, acquisitions and alliances should position our extensive product line to address the critical initiatives that are key to our customers.
This is grounds for an 18 month high when their revenue estimates are forecast to be flat from 2002 to 2003 @ 1.6bil?? and maybe make a $1 this year and $1.30 in 03
Your right, call'em as I see'em
Good luck..
TTYL
Shoreco |
