Blah, blah, blah...we sure go round and round on all this, don't we? In the mean time the market just keeps confounding everyone.
LT, yes I think you are a raving maniac now too. You would have been fun at my new years eve party <g>. Seriously though, you wrote twice over the past year on this thread that you heard the Intel earnings news would be negative. Instead, they were very upbeat about their prospects and the stock rallied. The past means nothing...it is what the market thinks the future will bring that matters. And let's NOT forget the flow of money...mine in particular.
Went long Latin America yesterday with a small starter position in Fidelity's Latin fund. Again, long haul...I'm hoping for another correction so I can buy more. A far different perspective thatI used to have...fear that the crash was coming and staying out to protect my capital. Boy, was that a mistake.
You momentum guys might want to look at PLXS. Making new highs. Excellent fundies. Relatively cheap. Nice chart. Good MSFT contract.
Went long that at 37 yesterday. Looking for 10+ points.
My point about the MSFT puts being cheap is the perception of the market that it is a strong company and no one in their right mind thinks it is going to take a hit.
Having joined the dipsters, I guess I'm back to my old long term perspective I had back in the old oil service days. No need to rehash those arguments...except to say I have an open mind to anything (including a crash OR a continuation of the bull market).
Good luck,
<H> |
