MB, thanks, but my position in that is so small it hardly makes up losses in others. Let's hope that GZTR, GZTC, and LGND all break out soon.
On a separate note, I have a question regarding the telecommunication sector. In the last couple of months, a bunch of these stocks (T, WCOM, FON, QWST, SBC, GBLX, LVLT) have been weak. Not that they have reasonable valuation to begin with, but what factors have driven them lower? Do you think the recent rise in rates in the corporate bond area (I am not following it really) is a factor, or is it just sector rotation in a market mania? I keep thinking that my puts against PC-related stocks have mostly gone to heaven, and what will be the thing that can possibly kill these monsters that I hate so much? Your comments are always appreciated. TIA. |
