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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: shades who wrote (62812)4/26/2005 8:08:20 PM
From: Moominoid  Read Replies (1) of 74559
 
I like AAPL for the long term actually. Thursday they got an upgrade from CFSB. But the technicals look down to me at this stage. In Soros fashion, first I go short before going long :P

Working out what is going on in the markets at the moment is pretty tough now. I think there are signs of bottoming around here. That's what my indicators show and the volatility and up one day down the next 100+ Dow points suggest that too. I think this juncture is in some ways similar to 1994, though I don't expect the coming rally to be as big as that one :) I saw a very interesting comparison to 1935 yesterday. Here it is:

gold-eagle.com

Since getting back into investing/trading in an active way, I've done the following:

Buy Platinum Capital (PMC.AX). This is a hedgefund trading as a stock on the Aussie Exchange. This is meant to be an investment.

Buy News Corp. This was meant to be a trade :)

Buy Croesus Mining (CRS.AX), this is meant to be something or other :P - technicals look good and so do the fundamentals. Aussie analysts never liked this stock, and this year won't be hot, but they got a new CEO and maybe he can sell it to the analysts?

Buy FXI (I think this is a long term play).

Short AAPL.

And increase borrowing of both AUD and USD.
Moom
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