Rande-- You bravely called a turnaround on a V-notch after the corrections at the beginning and end of January. When you called the turnaround at the end of January, I was surprised that you could call that with such confidence. The moment I got confirmation, I hopped on board and had the best month imaginable. I cashed in a great deal of those gains last week, not because I was sure that this correction was going to occur but just because it was time to take profits. I am not so sure why this correction will not be short-lived like the others. If the numbers are benign tomorrow, what is different this time? A lot of IRA money coming into the system in the next few weeks, etc. etc. Why will things turn around so early this year? Can yougive me some more info?
BTW, I could not resist taking some swing positions in some beaten down high fliers today on my suspicion that we may bounce back again. Reentered LPTHA, SVNX, WIND, LDIG, NTAP swings. Much to my surprise I was rewarded by one huge bounce, in WIND. Last half-hour was amazing!!! I would keep an eye on that one tomorrow. Any ideas on that bounce? Also good after hours volume has taken it back over 50 with one block over 200,000! |
