Texas Instruments - Good buy now or should we wait? Message Board

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Technology Stocks : Texas Instruments - Good buy now or should we wait?

TXN 160.49

+0.1%

3:59 PM EDT

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From: tree_toe_bandito	10/12/2008 3:18:53 PM
	Read Replies (1) of 6180

Although it is not as clear on the TXN chart, several big caps had what looked like "blow out bottoms". That is huge volume on a big decline, and the bulls won the day. It's too early to tell what this means. It may mean that stocks are going to stop going down as rapidly, and start to hold level. It could mean a weak retracement of the downtrend. We could use some relief from historic down weeks. Perhaps key for TXN is the earnings report and forecast. I usually wait two or three days after an earnings report on TXN to see how things settle out. Read on to see the external threat to the above analysis. Until now, Treasury Secretary Paulson has been operating without a consistent plan. One time he does this, the next time that. The uncertainty is killing. I keep thinking that surely he will wise up, but he keeps fooling me. The Europeans are doing the right thing (with a few exceptions) and keeping their banks from failing. It is generally agreed that allowing Lehman Brothers to go down was a huge mistake. It is generally agreed that wiping out preferred stockholders of Fannie and Freddie froze up the market by which banks were trying to recapitalize. We will soon see if Treasury Secretary Paulson has learned his lesson. Morgan Stanley is experiencing a run promoted by short sellers. If Paulson lets Morgan Stanley fail, the stock market will be on an express elevator to Hell. Look out below. I also heartily condemn Chris Cox of the SEC for allowing short sales in the midst of a panic, and for not suspending the Mark to Market rule. Both I-D-ten-T errors (IDIOT).

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